https://www.taxtmi.com/caselaws?id=408233 The Appellate Tribunal ITAT Mumbai remitted the appellant's claims for deduction under Sections 54 and 54F of the Income Tax Act back to the Assessing Officer for thorough examination and decision. The Tribunal emphasized the necessity of proper examination before rejecting claims and reiterated that tax imposition must adhere to the law. The Tribunal's decision was influenced by the precedent set by the Supreme Court in Goetze (India) Ltd., stressing the importance of fulfilling all conditions for claiming deductions under the Income Tax Act. en-us Wed, 19 May 2021 00:00:00 +0530 Fri, 04 Jun 2021 08:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408233 The Appellate Tribunal ITAT Mumbai remitted the appellant's claims for deduction under Sections 54 and 54F of the Income Tax Act back to the Assessing Officer for thorough examination and decision. The Tribunal emphasized the necessity of proper examination before rejecting claims and reiterated that tax imposition must adhere to the law. The Tribunal's decision was influenced by the precedent set by the Supreme Court in Goetze (India) Ltd., stressing the importance of fulfilling all conditions for claiming deductions under the Income Tax Act. Case-Laws Income Tax Wed, 19 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408233