https://www.taxtmi.com/caselaws?id=758489 ITAT Ahmedabad allowed assessee's appeal for statistical purposes regarding LTCG exemption claim under section 54F. Despite assessee's failure to submit supporting documents before AO and non-participation in appellate proceedings, ITAT restored matter to AO considering previous tribunal directions noting assessee possessed evidence of construction activity on purchased land. AO directed to re-examine exemption claim afresh per earlier ITAT directions. Assessee given final opportunity to prove claim with mandatory cooperation, failing which AO may reiterate original order. Cost of Rs. 1000 imposed on assessee for non-attendance at assessment and appellate proceedings. en-us Fri, 06 Sep 2024 00:00:00 +0530 Sat, 14 Sep 2024 08:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758489 ITAT Ahmedabad allowed assessee's appeal for statistical purposes regarding LTCG exemption claim under section 54F. Despite assessee's failure to submit supporting documents before AO and non-participation in appellate proceedings, ITAT restored matter to AO considering previous tribunal directions noting assessee possessed evidence of construction activity on purchased land. AO directed to re-examine exemption claim afresh per earlier ITAT directions. Assessee given final opportunity to prove claim with mandatory cooperation, failing which AO may reiterate original order. Cost of Rs. 1000 imposed on assessee for non-attendance at assessment and appellate proceedings. Case-Laws Income Tax Fri, 06 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758489