https://www.taxtmi.com/caselaws?id=433894 The Appellate Tribunal deemed the rectification order invalid, directing the Assessing Officer to allow the deduction for investment in three plots under section 54. Additional evidence regarding a fourth property was not accepted for deduction under section 54F due to non-compliance. The Tribunal upheld the appellant's eligibility for exemption under section 54, overturning the disallowance. However, the Tribunal remitted the case back to the CIT(A) due to a violation of IT Rules by addressing the rectification order without a remand report, ensuring a fair hearing for both parties. en-us Thu, 09 Feb 2023 00:00:00 +0530 Mon, 13 Feb 2023 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433894 The Appellate Tribunal deemed the rectification order invalid, directing the Assessing Officer to allow the deduction for investment in three plots under section 54. Additional evidence regarding a fourth property was not accepted for deduction under section 54F due to non-compliance. The Tribunal upheld the appellant's eligibility for exemption under section 54, overturning the disallowance. However, the Tribunal remitted the case back to the CIT(A) due to a violation of IT Rules by addressing the rectification order without a remand report, ensuring a fair hearing for both parties. Case-Laws Income Tax Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433894