https://www.taxtmi.com/caselaws?id=390697 The Appellate Tribunal ITAT Visakhapatnam ruled in favor of the assessee, allowing the appeal against the disallowance of deduction claimed under section 54F of the Income Tax Act. The Tribunal found that the assessee had provided sufficient evidence, including a certificate from the Gram Panchayat, to support the construction of the house for which the deduction was claimed. Criticizing the AO for not conducting further inquiries, the Tribunal concluded that the deduction should not have been disallowed. Consequently, the Tribunal set aside the orders of the lower authorities and deleted the addition made by the AO. en-us Fri, 22 Nov 2019 00:00:00 +0530 Thu, 09 Jan 2020 21:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390697 The Appellate Tribunal ITAT Visakhapatnam ruled in favor of the assessee, allowing the appeal against the disallowance of deduction claimed under section 54F of the Income Tax Act. The Tribunal found that the assessee had provided sufficient evidence, including a certificate from the Gram Panchayat, to support the construction of the house for which the deduction was claimed. Criticizing the AO for not conducting further inquiries, the Tribunal concluded that the deduction should not have been disallowed. Consequently, the Tribunal set aside the orders of the lower authorities and deleted the addition made by the AO. Case-Laws Income Tax Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390697