https://www.taxtmi.com/caselaws?id=759322 The Tribunal allowed the assessee's appeal, upholding the original assessment order and rejecting the PCIT's invocation of section 263 of the Income Tax Act, 1961. It concluded that the Assessing Officer had adequately considered the ownership details and exemption claim under section 54F, rendering the PCIT's directive for a fresh assessment unjustified. en-us Wed, 25 Sep 2024 00:00:00 +0530 Sat, 28 Sep 2024 08:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759322 The Tribunal allowed the assessee's appeal, upholding the original assessment order and rejecting the PCIT's invocation of section 263 of the Income Tax Act, 1961. It concluded that the Assessing Officer had adequately considered the ownership details and exemption claim under section 54F, rendering the PCIT's directive for a fresh assessment unjustified. Case-Laws Income Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759322