https://www.taxtmi.com/caselaws?id=379675 The Tribunal allowed the appeal, finding the order under Section 144 invalid due to lack of notice and opportunity. Full exemption under Section 54 was granted as the investment was made by the revised return date. Consequently, interest under Section 234B and penalty under Section 271(1)(c) were impacted in favor of the assessee. The CIT(A)'s decision was set aside, and the disallowance under Section 54 was vacated. en-us Tue, 12 Mar 2019 00:00:00 +0530 Mon, 06 May 2019 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379675 The Tribunal allowed the appeal, finding the order under Section 144 invalid due to lack of notice and opportunity. Full exemption under Section 54 was granted as the investment was made by the revised return date. Consequently, interest under Section 234B and penalty under Section 271(1)(c) were impacted in favor of the assessee. The CIT(A)'s decision was set aside, and the disallowance under Section 54 was vacated. Case-Laws Income Tax Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379675