CIT(A) Justifies Deletion of Additions: LTCG and Deduction u/s 54 of Income Tax Act Reviewed Independently.

CIT(A) Justifies Deletion of Additions: LTCG and Deduction u/s 54 of Income Tax Act Reviewed Independently. https://www.taxtmi.com/highlights?id=56897 LTCG - Addition u/s 68 - Eligibility for deduction u/s 54 - When all the documents were placed before the AO who has not taken note thereof for the reasons best known to him particularly when AO has not raised any objection to the documents sent to him for comment, the ld. CIT (A) was well within his right to decide the controversy by examining all the documents himself. - CIT(A) rightly deleted the additioons - AT en-us Thu, 25 Feb 2021 09:12:56 +0530 Thu, 25 Feb 2021 09:12:56 +0530 TaxTMI RSS Generator CIT(A) Justifies Deletion of Additions: LTCG and Deduction u/s 54 of Income Tax Act Reviewed Independently. https://www.taxtmi.com/highlights?id=56897 LTCG - Addition u/s 68 - Eligibility for deduction u/s 54 - When all the documents were placed before the AO who has not taken note thereof for the reasons best known to him particularly when AO has not raised any objection to the documents sent to him for comment, the ld. CIT (A) was well within his right to decide the controversy by examining all the documents himself. - CIT(A) rightly deleted the additioons - AT Highlights Income Tax Thu, 25 Feb 2021 09:12:56 +0530 https://www.taxtmi.com/highlights?id=56897