https://www.taxtmi.com/caselaws?id=371683 The Tribunal held that the Assessing Officer's denial of deduction under section 54F of the Income-tax Act was erroneous. The Tribunal directed the deletion of the addition made by the Assessing Officer, allowing the appeal of the assessee. The Tribunal emphasized that revisiting issues without new incriminating material is impermissible, citing relevant case law. Additionally, the Tribunal noted that pending proceedings under section 263 should have been completed before addressing the issues in section 153A proceedings. en-us Tue, 16 Oct 2018 00:00:00 +0530 Sat, 08 Dec 2018 06:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371683 The Tribunal held that the Assessing Officer's denial of deduction under section 54F of the Income-tax Act was erroneous. The Tribunal directed the deletion of the addition made by the Assessing Officer, allowing the appeal of the assessee. The Tribunal emphasized that revisiting issues without new incriminating material is impermissible, citing relevant case law. Additionally, the Tribunal noted that pending proceedings under section 263 should have been completed before addressing the issues in section 153A proceedings. Case-Laws Income Tax Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371683