https://www.taxtmi.com/caselaws?id=387249 The appeal was directed against the Order of the Ld. CIT(A) for the A.Y. 2009-2010 challenging the reopening of assessment under section 148 of the I.T. Act. The A.O. computed long term capital gains from the transfer of land, denying the exemption claimed by the appellant. The Tribunal admitted additional evidences supporting the appellant's claim, remanding the matter for re-decision by the A.O. The appellant's claim for exemption/deduction under sections 54B and 54F of the I.T. Act, 1961 was allowed for statistical purposes, emphasizing the significance of supporting documentation in tax assessments. en-us Tue, 15 Oct 2019 00:00:00 +0530 Sat, 19 Oct 2019 20:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387249 The appeal was directed against the Order of the Ld. CIT(A) for the A.Y. 2009-2010 challenging the reopening of assessment under section 148 of the I.T. Act. The A.O. computed long term capital gains from the transfer of land, denying the exemption claimed by the appellant. The Tribunal admitted additional evidences supporting the appellant's claim, remanding the matter for re-decision by the A.O. The appellant's claim for exemption/deduction under sections 54B and 54F of the I.T. Act, 1961 was allowed for statistical purposes, emphasizing the significance of supporting documentation in tax assessments. Case-Laws Income Tax Tue, 15 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387249