https://www.taxtmi.com/caselaws?id=381314 The Appellate Tribunal remanded the case back to the Assessing Officer for further assessment regarding the denial of exemption under section 54F of the Income Tax Act for the Assessment Year 2013-14. The Tribunal emphasized the burden of proof on the assessee to substantiate claims and the importance of providing concrete evidence. The decision aimed at ensuring a fair opportunity for both parties and a just resolution based on legal principles, ultimately allowing the Revenue's appeal for statistical purposes. en-us Thu, 30 May 2019 00:00:00 +0530 Fri, 07 Jun 2019 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381314 The Appellate Tribunal remanded the case back to the Assessing Officer for further assessment regarding the denial of exemption under section 54F of the Income Tax Act for the Assessment Year 2013-14. The Tribunal emphasized the burden of proof on the assessee to substantiate claims and the importance of providing concrete evidence. The decision aimed at ensuring a fair opportunity for both parties and a just resolution based on legal principles, ultimately allowing the Revenue's appeal for statistical purposes. Case-Laws Income Tax Thu, 30 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381314