https://www.taxtmi.com/caselaws?id=440717 The delay in filing the appeal was condoned by the Tribunal due to the assessee's explanation of lack of awareness regarding the impugned order. The Tribunal dismissed the appeal as infructuous after the Assessing Officer accepted the exemption under section 54F in the de novo assessment, albeit with a corrected calculation resulting in a reduced quantum of exemption. The revision-order by the Principal Commissioner of Income Tax-1 was upheld, setting aside the original assessment order and directing a fresh assessment. en-us Fri, 21 Jul 2023 00:00:00 +0530 Tue, 25 Jul 2023 08:14:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440717 The delay in filing the appeal was condoned by the Tribunal due to the assessee's explanation of lack of awareness regarding the impugned order. The Tribunal dismissed the appeal as infructuous after the Assessing Officer accepted the exemption under section 54F in the de novo assessment, albeit with a corrected calculation resulting in a reduced quantum of exemption. The revision-order by the Principal Commissioner of Income Tax-1 was upheld, setting aside the original assessment order and directing a fresh assessment. Case-Laws Income Tax Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440717