https://www.taxtmi.com/caselaws?id=439950 The Tribunal condoned a 35-day delay in filing an appeal due to the assessee's lack of familiarity with tax matters and an incorrect email address on the Income Tax Portal. However, the denial of exemption under Section 54B of the Income Tax Act was upheld. The AO's decision, supported by the ld. CIT(A), was based on the requirement that the new asset must be in the name of the assessee to qualify for exemption. The Tribunal found no error in this decision, dismissing the appeal and confirming the denial of exemption under Section 54B. en-us Wed, 10 May 2023 00:00:00 +0530 Thu, 06 Jul 2023 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439950 The Tribunal condoned a 35-day delay in filing an appeal due to the assessee's lack of familiarity with tax matters and an incorrect email address on the Income Tax Portal. However, the denial of exemption under Section 54B of the Income Tax Act was upheld. The AO's decision, supported by the ld. CIT(A), was based on the requirement that the new asset must be in the name of the assessee to qualify for exemption. The Tribunal found no error in this decision, dismissing the appeal and confirming the denial of exemption under Section 54B. Case-Laws Income Tax Wed, 10 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439950