https://www.taxtmi.com/caselaws?id=400187 The HC remanded the case to the AO for fresh consideration regarding the claim of deductions under Section 54 of the Income Tax Act, 1961. The CITA had initially granted relief, but the ITAT denied the claim due to insufficient evidence. The HC found the ITAT's reasoning inadequate, allowing the appeal and upholding the assessee's right to present all relevant points. The substantial questions of law remain open for consideration, with no costs incurred. en-us Thu, 15 Oct 2020 00:00:00 +0530 Tue, 05 Nov 2024 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400187 The HC remanded the case to the AO for fresh consideration regarding the claim of deductions under Section 54 of the Income Tax Act, 1961. The CITA had initially granted relief, but the ITAT denied the claim due to insufficient evidence. The HC found the ITAT's reasoning inadequate, allowing the appeal and upholding the assessee's right to present all relevant points. The substantial questions of law remain open for consideration, with no costs incurred. Case-Laws Income Tax Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400187