https://www.taxtmi.com/caselaws?id=364587 The Tribunal partially allowed the appeal, remanding the denial of exemption under Section 54F of the Income Tax Act back to the Assessing Officer (AO) for further verification. The Tribunal emphasized a liberal interpretation of Section 54F but required the assessee to provide additional evidence. Additionally, the Tribunal directed the AO to reevaluate the levy of interest under Sections 234D and 234B in accordance with legal provisions and judicial precedents. en-us Mon, 30 Jul 2018 00:00:00 +0530 Wed, 01 Aug 2018 06:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364587 The Tribunal partially allowed the appeal, remanding the denial of exemption under Section 54F of the Income Tax Act back to the Assessing Officer (AO) for further verification. The Tribunal emphasized a liberal interpretation of Section 54F but required the assessee to provide additional evidence. Additionally, the Tribunal directed the AO to reevaluate the levy of interest under Sections 234D and 234B in accordance with legal provisions and judicial precedents. Case-Laws Income Tax Mon, 30 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364587