https://www.taxtmi.com/caselaws?id=427090 The Tribunal dismissed the appeal by the Assessing Officer, upholding the Commissioner (Appeals)' decision to allow the deduction under section 54F for the non-resident lady assessee. The error in quoting the section in the income tax return was deemed not to constitute a fresh claim for exemption, distinguishing it from the Goetz India Ltd case. The Tribunal emphasized that the mistake was bonafide and could be rectified during assessment, ultimately ruling in favor of the assessee. en-us Tue, 30 Aug 2022 00:00:00 +0530 Thu, 01 Sep 2022 08:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427090 The Tribunal dismissed the appeal by the Assessing Officer, upholding the Commissioner (Appeals)' decision to allow the deduction under section 54F for the non-resident lady assessee. The error in quoting the section in the income tax return was deemed not to constitute a fresh claim for exemption, distinguishing it from the Goetz India Ltd case. The Tribunal emphasized that the mistake was bonafide and could be rectified during assessment, ultimately ruling in favor of the assessee. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427090