https://www.taxtmi.com/caselaws?id=779907 ITAT DELHI - AT held the reassessment order passed by a non-jurisdictional AO was illegal and set it aside, allowing additional grounds challenging jurisdiction. The Tribunal also found the CIT(A) erred in denying exemption under s.54F where sale proceeds were invested in residential property purchased or constructed in the assessee's close family members' names (wife and minor son); such transfers did not defeat s.54F entitlement. Consequently the assessee's appeal was allowed. en-us Fri, 10 Oct 2025 00:00:00 +0530 Wed, 15 Oct 2025 08:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779907 ITAT DELHI - AT held the reassessment order passed by a non-jurisdictional AO was illegal and set it aside, allowing additional grounds challenging jurisdiction. The Tribunal also found the CIT(A) erred in denying exemption under s.54F where sale proceeds were invested in residential property purchased or constructed in the assessee's close family members' names (wife and minor son); such transfers did not defeat s.54F entitlement. Consequently the assessee's appeal was allowed. Case-Laws Income Tax Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779907