https://www.taxtmi.com/caselaws?id=428897 The ITAT directed the AO to reconsider the matter, allowing the assessee to present supporting documents to validate unsecured loans, property sale value, and claim under section 54F. The ITAT acknowledged the challenges faced by the assessee in providing details within the limited time frame during assessment proceedings and emphasized the need for thorough examination of evidence. The ITAT remanded the property sale value issue to the AO for fresh adjudication to ensure a fair assessment based on complete information. The ITAT granted the assessee an opportunity to provide necessary proof for the claim under section 54F, emphasizing the importance of substantiating claims with proper documentation. en-us Tue, 11 Oct 2022 00:00:00 +0530 Wed, 12 Oct 2022 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428897 The ITAT directed the AO to reconsider the matter, allowing the assessee to present supporting documents to validate unsecured loans, property sale value, and claim under section 54F. The ITAT acknowledged the challenges faced by the assessee in providing details within the limited time frame during assessment proceedings and emphasized the need for thorough examination of evidence. The ITAT remanded the property sale value issue to the AO for fresh adjudication to ensure a fair assessment based on complete information. The ITAT granted the assessee an opportunity to provide necessary proof for the claim under section 54F, emphasizing the importance of substantiating claims with proper documentation. Case-Laws Income Tax Tue, 11 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428897