https://www.taxtmi.com/caselaws?id=246802 The Tribunal upheld the CIT's findings on the lack of inquiry into the applicability of Section 2(22)(e) and the allocation of income under different heads. However, it vacated the CIT's decision on the Section 54F deduction, as the Assessing Officer did make necessary inquiries. The AO was instructed to reassess the applicability of Section 2(22)(e) and income allocation, granting the assessee a chance to present her case. The appeal was partially allowed, with the decision issued on 21st March 2014. en-us Fri, 21 Mar 2014 00:00:00 +0530 Wed, 23 Apr 2014 10:12:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246802 The Tribunal upheld the CIT's findings on the lack of inquiry into the applicability of Section 2(22)(e) and the allocation of income under different heads. However, it vacated the CIT's decision on the Section 54F deduction, as the Assessing Officer did make necessary inquiries. The AO was instructed to reassess the applicability of Section 2(22)(e) and income allocation, granting the assessee a chance to present her case. The appeal was partially allowed, with the decision issued on 21st March 2014. Case-Laws Income Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246802