https://www.taxtmi.com/caselaws?id=448889 The ITAT partially allowed the appeal concerning the disallowance of exemption under section 54 for interior decoration expenses of a new residential house. The assessee's claim, initially rejected by the assessing officer and CIT(A) due to insufficient evidence, was supported by bank statements and agreements presented during the appeal. The ITAT found this evidence sufficient to substantiate the expenditure, thereby granting the exemption for the claimed amount of Rs.8,65,641. Other issues raised by the assessee were dismissed as not pursued. en-us Tue, 30 Jan 2024 00:00:00 +0530 Wed, 31 Jan 2024 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448889 The ITAT partially allowed the appeal concerning the disallowance of exemption under section 54 for interior decoration expenses of a new residential house. The assessee's claim, initially rejected by the assessing officer and CIT(A) due to insufficient evidence, was supported by bank statements and agreements presented during the appeal. The ITAT found this evidence sufficient to substantiate the expenditure, thereby granting the exemption for the claimed amount of Rs.8,65,641. Other issues raised by the assessee were dismissed as not pursued. Case-Laws Income Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448889