https://www.taxtmi.com/caselaws?id=260027 The Appellate Tribunal remanded the case for fresh adjudication, emphasizing the need for a reasoned decision regarding the reopening of assessment proceedings under section 147/148 of the Income Tax Act. The denial of deduction under sections 54/54F for the purchase of a new residential property was upheld, while the Commissioner's rejection of additional legal grounds was deemed unjustified, with directions for reconsideration. The Tribunal criticized the non-speaking order and emphasized the importance of addressing all legal issues raised, ultimately requiring a thorough examination and reasoned decision in the case. en-us Wed, 22 Apr 2015 00:00:00 +0530 Fri, 29 May 2015 06:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260027 The Appellate Tribunal remanded the case for fresh adjudication, emphasizing the need for a reasoned decision regarding the reopening of assessment proceedings under section 147/148 of the Income Tax Act. The denial of deduction under sections 54/54F for the purchase of a new residential property was upheld, while the Commissioner's rejection of additional legal grounds was deemed unjustified, with directions for reconsideration. The Tribunal criticized the non-speaking order and emphasized the importance of addressing all legal issues raised, ultimately requiring a thorough examination and reasoned decision in the case. Case-Laws Income Tax Wed, 22 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260027