https://www.taxtmi.com/caselaws?id=404118 The ITAT Visakhapatnam dismissed the Revenue's appeal against the CIT(A) order for A.Y. 2009-10 due to the tax effect falling below the prescribed limit. The primary issues involved disputed sale consideration and exemption u/sec. 54F. The CIT(A) provided relief to the assessee, directing the AO to accept the sale consideration admitted by the appellant and confirming the eligibility for exemption u/sec. 54F. The ITAT held that as no additions were made by the AO based on revenue audit objections, the appeal did not meet the tax limit and was not maintainable. Consequently, both the Revenue's appeal and the assessee's cross objection were dismissed. en-us Wed, 10 Feb 2021 00:00:00 +0530 Tue, 16 Feb 2021 11:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404118 The ITAT Visakhapatnam dismissed the Revenue's appeal against the CIT(A) order for A.Y. 2009-10 due to the tax effect falling below the prescribed limit. The primary issues involved disputed sale consideration and exemption u/sec. 54F. The CIT(A) provided relief to the assessee, directing the AO to accept the sale consideration admitted by the appellant and confirming the eligibility for exemption u/sec. 54F. The ITAT held that as no additions were made by the AO based on revenue audit objections, the appeal did not meet the tax limit and was not maintainable. Consequently, both the Revenue's appeal and the assessee's cross objection were dismissed. Case-Laws Income Tax Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404118