https://www.taxtmi.com/caselaws?id=435217 The ITAT Delhi upheld the CIT(A)'s decision, dismissing the Revenue's appeal and the assessee's cross objection. The judgment highlighted the necessity of meeting the conditions outlined in the Income Tax Act for claiming deductions, emphasizing the importance of evaluating evidence thoroughly during assessment proceedings. The CIT(A) found that the assessee qualified for deduction under section 54F, as evidenced by a substantial investment in a new residential property, exceeding the consideration from the sale of plots. en-us Tue, 28 Feb 2023 00:00:00 +0530 Wed, 15 Mar 2023 08:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435217 The ITAT Delhi upheld the CIT(A)'s decision, dismissing the Revenue's appeal and the assessee's cross objection. The judgment highlighted the necessity of meeting the conditions outlined in the Income Tax Act for claiming deductions, emphasizing the importance of evaluating evidence thoroughly during assessment proceedings. The CIT(A) found that the assessee qualified for deduction under section 54F, as evidenced by a substantial investment in a new residential property, exceeding the consideration from the sale of plots. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435217