https://www.taxtmi.com/caselaws?id=282211 The appeal challenging the rejection of the deduction claim under section 54B of the Income Tax Act was dismissed. The appellant's arguments regarding the eligibility for deduction based on property purchase timing and legislative intent were not accepted. Despite purchasing properties before and after the sale using the sale consideration, the appellant failed to secure the deduction due to lack of representation during the hearing, leading to an ex-parte decision affirming the CIT(A)'s order. en-us Fri, 31 Mar 2017 00:00:00 +0530 Sat, 27 Jul 2019 06:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282211 The appeal challenging the rejection of the deduction claim under section 54B of the Income Tax Act was dismissed. The appellant's arguments regarding the eligibility for deduction based on property purchase timing and legislative intent were not accepted. Despite purchasing properties before and after the sale using the sale consideration, the appellant failed to secure the deduction due to lack of representation during the hearing, leading to an ex-parte decision affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282211