https://www.taxtmi.com/caselaws?id=406693 The delay in filing the appeal was condoned as it was not due to negligence. The deduction under section 54F was denied by the Assessing Officer due to lack of evidence and failure to meet legal requirements. Additional grounds and evidence were admitted by the Tribunal, prompting a reconsideration of the case de novo by the Assessing Officer. The appeal was partly allowed for statistical purposes, remanding the matter back for fresh consideration based on the additional evidence presented. The Tribunal stressed the importance of a comprehensive re-examination for justice. en-us Fri, 16 Apr 2021 00:00:00 +0530 Tue, 20 Apr 2021 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406693 The delay in filing the appeal was condoned as it was not due to negligence. The deduction under section 54F was denied by the Assessing Officer due to lack of evidence and failure to meet legal requirements. Additional grounds and evidence were admitted by the Tribunal, prompting a reconsideration of the case de novo by the Assessing Officer. The appeal was partly allowed for statistical purposes, remanding the matter back for fresh consideration based on the additional evidence presented. The Tribunal stressed the importance of a comprehensive re-examination for justice. Case-Laws Income Tax Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406693