https://www.taxtmi.com/caselaws?id=366248 The Income-Tax Appellate Tribunal (ITAT) partially allowed the appeal regarding the interpretation of deduction under section 54 of the Income-tax Act, 1961. The tribunal emphasized that the absence of registered documents does not preclude the allowance of deduction under section 54. The case was remanded to the Assessing Officer (AO) for further verification and adjudication to ensure proper authentication of the deduction claim, aligning with legal principles and requirements for a fair assessment. en-us Wed, 29 Aug 2018 00:00:00 +0530 Fri, 31 Aug 2018 08:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366248 The Income-Tax Appellate Tribunal (ITAT) partially allowed the appeal regarding the interpretation of deduction under section 54 of the Income-tax Act, 1961. The tribunal emphasized that the absence of registered documents does not preclude the allowance of deduction under section 54. The case was remanded to the Assessing Officer (AO) for further verification and adjudication to ensure proper authentication of the deduction claim, aligning with legal principles and requirements for a fair assessment. Case-Laws Income Tax Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366248