https://www.taxtmi.com/caselaws?id=388350 The Tribunal found that the Assessing Officer exceeded jurisdiction by making additions beyond the limited scrutiny scope on the indexed cost of acquisition and improvement. The additions were deleted. The Tribunal also ruled in favor of the assessee regarding the claim under section 54EC, stating the disallowance was unjustified. The matter of deduction under section 54F was remanded to the AO for final computation. The appeal was partly allowed, with favorable outcomes for the assessee on these issues. en-us Fri, 08 Nov 2019 00:00:00 +0530 Thu, 14 Nov 2019 10:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388350 The Tribunal found that the Assessing Officer exceeded jurisdiction by making additions beyond the limited scrutiny scope on the indexed cost of acquisition and improvement. The additions were deleted. The Tribunal also ruled in favor of the assessee regarding the claim under section 54EC, stating the disallowance was unjustified. The matter of deduction under section 54F was remanded to the AO for final computation. The appeal was partly allowed, with favorable outcomes for the assessee on these issues. Case-Laws Income Tax Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388350