https://www.taxtmi.com/caselaws?id=390641 The ITAT allowed the appeal for statistical purposes, directing the Assessing Officer to examine the documentary evidence provided by the assessee regarding the investment in construction for the claim of exemption under section 54 of the Income Tax Act. The ITAT concluded that the assessee had indeed invested more than the capital gains, making them eligible for the exemption, but due to the lack of documentary evidence, the issue was referred back to the Assessing Officer for verification. en-us Mon, 06 Jan 2020 00:00:00 +0530 Wed, 08 Jan 2020 10:44:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390641 The ITAT allowed the appeal for statistical purposes, directing the Assessing Officer to examine the documentary evidence provided by the assessee regarding the investment in construction for the claim of exemption under section 54 of the Income Tax Act. The ITAT concluded that the assessee had indeed invested more than the capital gains, making them eligible for the exemption, but due to the lack of documentary evidence, the issue was referred back to the Assessing Officer for verification. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390641