https://www.taxtmi.com/caselaws?id=758874 ITAT Jaipur remanded the matter to AO for fresh examination of cost of acquisition allowability and deduction under section 54F. The case involved land sale belonging to appellant's HUF in second round of litigation. AO had not considered the deduction due to non-submission of details by assessee, while CIT(A) gave different findings without commenting on records. Tribunal directed AO to decide both issues according to law after giving fair opportunity to assessee. Cost of Rs. 1000 per year imposed on assessee, payable to Prime Minister Relief Fund with receipt to be provided to AO. en-us Thu, 29 Aug 2024 00:00:00 +0530 Fri, 20 Sep 2024 08:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758874 ITAT Jaipur remanded the matter to AO for fresh examination of cost of acquisition allowability and deduction under section 54F. The case involved land sale belonging to appellant's HUF in second round of litigation. AO had not considered the deduction due to non-submission of details by assessee, while CIT(A) gave different findings without commenting on records. Tribunal directed AO to decide both issues according to law after giving fair opportunity to assessee. Cost of Rs. 1000 per year imposed on assessee, payable to Prime Minister Relief Fund with receipt to be provided to AO. Case-Laws Income Tax Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758874