https://www.taxtmi.com/caselaws?id=331300 The Tribunal allowed the assessee's appeal regarding denial of deduction under Section 54G of the Income-tax Act for Assessment Years 2008-09 and 2009-10. The Tribunal held that the assessee fulfilled the conditions for deduction under Section 54G by utilizing capital gains for specified investments, directing the Assessing Officer to allow the deduction. Additionally, the Tribunal resolved the issue of additions made under Section 14A for Assessment Year 2009-10 in favor of the assessee, directing the deletion of the additional disallowance. The final order in favor of the assessee was pronounced on 22-06-2016. en-us Wed, 22 Jun 2016 00:00:00 +0530 Fri, 19 Aug 2016 10:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331300 The Tribunal allowed the assessee's appeal regarding denial of deduction under Section 54G of the Income-tax Act for Assessment Years 2008-09 and 2009-10. The Tribunal held that the assessee fulfilled the conditions for deduction under Section 54G by utilizing capital gains for specified investments, directing the Assessing Officer to allow the deduction. Additionally, the Tribunal resolved the issue of additions made under Section 14A for Assessment Year 2009-10 in favor of the assessee, directing the deletion of the additional disallowance. The final order in favor of the assessee was pronounced on 22-06-2016. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331300