https://www.taxtmi.com/caselaws?id=775238 ITAT Raipur remanded the case to CIT(Appeals)/NFAC after the assessee challenged an addition of Rs. 2,93,14,320/- under section 69A for unexplained investment. The assessee claimed exemption under section 54F on land sale at Indore but failed to submit documentary evidence during appeal proceedings before CIT(Appeals)/NFAC. The tribunal noted that quasi-judicial authorities must examine all documents submitted by assessees before determining tax liability. Considering principles of natural justice and to maintain equitable treatment without prejudicing revenue interests, the tribunal granted one final opportunity to the assessee to present documentary evidence supporting the section 54F exemption claim. The appeal was allowed for statistical purposes with directions for fresh consideration of the matter. en-us Fri, 18 Jul 2025 00:00:00 +0530 Tue, 22 Jul 2025 08:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775238 ITAT Raipur remanded the case to CIT(Appeals)/NFAC after the assessee challenged an addition of Rs. 2,93,14,320/- under section 69A for unexplained investment. The assessee claimed exemption under section 54F on land sale at Indore but failed to submit documentary evidence during appeal proceedings before CIT(Appeals)/NFAC. The tribunal noted that quasi-judicial authorities must examine all documents submitted by assessees before determining tax liability. Considering principles of natural justice and to maintain equitable treatment without prejudicing revenue interests, the tribunal granted one final opportunity to the assessee to present documentary evidence supporting the section 54F exemption claim. The appeal was allowed for statistical purposes with directions for fresh consideration of the matter. Case-Laws Income Tax Fri, 18 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775238