https://www.taxtmi.com/caselaws?id=753045 The ITAT Raipur allowed the assessee's appeal for statistical purposes regarding denial of LTCG exemption under section 54F. The CIT(A) had denied the exemption due to lack of corroborative evidence for investment in new house property. However, the assessee submitted additional evidence under Rule 29 of ITAT Rules, which was not available before the CIT(A). The ITAT held that despite absence of construction bills/vouchers, the deduction claim cannot be denied without considering relevant additional documents. In the interest of natural justice, the matter was remanded to CIT(A) for fresh adjudication considering the additional evidence. en-us Tue, 21 May 2024 00:00:00 +0530 Thu, 23 May 2024 08:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753045 The ITAT Raipur allowed the assessee's appeal for statistical purposes regarding denial of LTCG exemption under section 54F. The CIT(A) had denied the exemption due to lack of corroborative evidence for investment in new house property. However, the assessee submitted additional evidence under Rule 29 of ITAT Rules, which was not available before the CIT(A). The ITAT held that despite absence of construction bills/vouchers, the deduction claim cannot be denied without considering relevant additional documents. In the interest of natural justice, the matter was remanded to CIT(A) for fresh adjudication considering the additional evidence. Case-Laws Income Tax Tue, 21 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753045