https://www.taxtmi.com/caselaws?id=772532 ITAT Patna allowed assessee's appeal after deduction was wrongly claimed under section 54 instead of section 54F. The assessee had purchased residential property and was eligible for capital gains exemption under section 54F. ITAT held that claiming deduction under wrong section doesn't bar relief under correct section if assessee is otherwise eligible. Appellate authority can grant exemption based on facts even if not claimed in return. Matter remitted to AO to allow section 54F claim with opportunity for assessee to provide additional evidence if required. en-us Fri, 06 Jun 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772532 ITAT Patna allowed assessee's appeal after deduction was wrongly claimed under section 54 instead of section 54F. The assessee had purchased residential property and was eligible for capital gains exemption under section 54F. ITAT held that claiming deduction under wrong section doesn't bar relief under correct section if assessee is otherwise eligible. Appellate authority can grant exemption based on facts even if not claimed in return. Matter remitted to AO to allow section 54F claim with opportunity for assessee to provide additional evidence if required. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772532