https://www.taxtmi.com/caselaws?id=396525 The Tribunal allowed the appeal of the assessee by setting aside the notice issued under Section 148 due to lack of proper jurisdiction and factual inaccuracies. The Tribunal upheld the AO's decision to disallow the construction cost and benefit under Section 54 but noted that the AO should have considered the deduction under Section 54F. The appeal was allowed in light of these directions. en-us Tue, 07 Jul 2020 00:00:00 +0530 Thu, 09 Jul 2020 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396525 The Tribunal allowed the appeal of the assessee by setting aside the notice issued under Section 148 due to lack of proper jurisdiction and factual inaccuracies. The Tribunal upheld the AO's decision to disallow the construction cost and benefit under Section 54 but noted that the AO should have considered the deduction under Section 54F. The appeal was allowed in light of these directions. Case-Laws Income Tax Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396525