https://www.taxtmi.com/caselaws?id=402023 The ITAT allowed the assessee's appeal for statistical purposes, focusing on the additional ground concerning deduction under Section 54F of the Income Tax Act, 1961. The Tribunal admitted the additional ground, emphasizing the need for relevant evidence to support the claim. The matter was remanded to the AO for quantification, ensuring compliance with Section 54F requirements. The Tribunal acknowledged the possibility of treating multiple flats as a single residential unit for deduction purposes, contingent on adequate evidence. The main grounds were dismissed as not pressed, and the reopening of assessment was not pursued. en-us Fri, 18 Dec 2020 00:00:00 +0530 Thu, 07 Nov 2024 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402023 The ITAT allowed the assessee's appeal for statistical purposes, focusing on the additional ground concerning deduction under Section 54F of the Income Tax Act, 1961. The Tribunal admitted the additional ground, emphasizing the need for relevant evidence to support the claim. The matter was remanded to the AO for quantification, ensuring compliance with Section 54F requirements. The Tribunal acknowledged the possibility of treating multiple flats as a single residential unit for deduction purposes, contingent on adequate evidence. The main grounds were dismissed as not pressed, and the reopening of assessment was not pursued. Case-Laws Income Tax Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402023