IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER Assessment Year: 2013-14 R Jayanna HUF, Vs. The Dy. Commissioner Income No.24, 24^th Main, 23-d Cross, Tax, Parangipalya, H.S.R Layout, Central Circle – 2(2), II Sector, Bangalore.

Bangalore – 560 012.

PAN – AAGHJ 4137 H APPELLANT RESPONDENT Assessee by : Shri Raghavendra Chakravarthy, CA Revenue by : Shri Balusamy N, JCIT (DR) Date of hearing : 10.07.2025 Date of Pronouncement : 08.10.2025

O R D E R

PER WASEEM AHMED, ACCOUNTANT MEMBER:

This is an appeal filed by the assessee against the order passed by the CIT(A) - 15, Bangalore vide order dated 25/03/2024 in DIN No. ITBA/APL/M/250/2024-25/1074949571(1) for the assessment year

2013-14.

2. The only issue raised by the assessee is that the learned CIT(A) did not extend the benefit of exemption under section 54F of the Act on the transfer of land under JDA.

3. The necessary facts are that the assessee, along with other co- owners, entered into a joint development agreement with M/s Ecsatsy Projects Pvt. Ltd. on 8.2.2013. According to the AO, such agreement amounts to the transfer of property within the