https://www.taxtmi.com/caselaws?id=432816 The appeal involved the denial of deduction u/s. 54F of the Act by the Commissioner of Income Tax (Appeals) for the assessment year 2013-14. The Judicial Member allowed proportionate deduction based on investments made before filing the return, contrary to the CIT(A)'s decision. Additionally, the deduction u/s. 54B of the Act was allowed by the Judicial Member, restoring the AO's decision. Consequently, the appeal of the assessee was allowed, with deductions granted under both sections. en-us Mon, 05 Dec 2022 00:00:00 +0530 Fri, 13 Jan 2023 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432816 The appeal involved the denial of deduction u/s. 54F of the Act by the Commissioner of Income Tax (Appeals) for the assessment year 2013-14. The Judicial Member allowed proportionate deduction based on investments made before filing the return, contrary to the CIT(A)'s decision. Additionally, the deduction u/s. 54B of the Act was allowed by the Judicial Member, restoring the AO's decision. Consequently, the appeal of the assessee was allowed, with deductions granted under both sections. Case-Laws Income Tax Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432816