https://www.taxtmi.com/caselaws?id=449958 Additional evidence bearing directly on the factual basis of a tax claim must be examined before the claim is finally rejected. Here, the agricultural income claim was supported for the first time by a surveyor's report and other material showing agricultural use of land and plantation activity, so the matter required de novo verification by the Assessing Officer. The section 54F exemption claim also needed fresh adjudication because share certificate, ledger entries and a possession letter were produced to test whether purchase and possession conditions were satisfied. Both issues were remanded for fresh consideration after due enquiry and opportunity to the assessee. en-us Tue, 20 Feb 2024 00:00:00 +0530 Fri, 23 Feb 2024 08:23:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449958 Additional evidence bearing directly on the factual basis of a tax claim must be examined before the claim is finally rejected. Here, the agricultural income claim was supported for the first time by a surveyor's report and other material showing agricultural use of land and plantation activity, so the matter required de novo verification by the Assessing Officer. The section 54F exemption claim also needed fresh adjudication because share certificate, ledger entries and a possession letter were produced to test whether purchase and possession conditions were satisfied. Both issues were remanded for fresh consideration after due enquiry and opportunity to the assessee. Case-Laws Income Tax Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449958