https://www.taxtmi.com/caselaws?id=353446 The ITAT Jaipur Bench allowed the appeal of the assessee, holding that the deposit made before the extended due date under Section 139(4) should be considered for the deduction under Section 54F of the Income Tax Act, 1961. The tribunal emphasized that judicial precedents and CBDT circulars supported this interpretation, and a strict literal construction leading to an unjust result should be avoided. The appeal was allowed in favor of the assessee, granting the claimed deduction under Section 54F. en-us Fri, 08 Sep 2017 00:00:00 +0530 Thu, 04 Jan 2018 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353446 The ITAT Jaipur Bench allowed the appeal of the assessee, holding that the deposit made before the extended due date under Section 139(4) should be considered for the deduction under Section 54F of the Income Tax Act, 1961. The tribunal emphasized that judicial precedents and CBDT circulars supported this interpretation, and a strict literal construction leading to an unjust result should be avoided. The appeal was allowed in favor of the assessee, granting the claimed deduction under Section 54F. Case-Laws Income Tax Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353446