https://www.taxtmi.com/caselaws?id=752341 ITAT Mumbai set aside CIT(A)'s order granting partial relief under Section 54 for LTCG deduction where assessee made only partial investment in new house property. The tribunal found that CIT(A) failed to provide proper notice and hearing opportunity to the assessee before concluding on partial investment. Matter was remanded to AO for fresh adjudication with directions for assessee to submit complete documentation supporting Section 54 claim. Appeal was allowed for statistical purposes. en-us Mon, 06 May 2024 00:00:00 +0530 Wed, 08 May 2024 08:39:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752341 ITAT Mumbai set aside CIT(A)'s order granting partial relief under Section 54 for LTCG deduction where assessee made only partial investment in new house property. The tribunal found that CIT(A) failed to provide proper notice and hearing opportunity to the assessee before concluding on partial investment. Matter was remanded to AO for fresh adjudication with directions for assessee to submit complete documentation supporting Section 54 claim. Appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 06 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752341