2020 (6) TMI 54

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....ellant : Mr.K.Vignesh,C.A For the Respondent : Mr.A.Sundararajan,Addl.CIT D.R ORDER PER S.JAYARAMAN, ACCOUNTANT MEMBER The assessee filed this appeal against the order of the Commissioner of Income Tax (Appeals)-4, Chennai in ITA No.47/205-16/A.Y2012-13/CIT(A)-4, dated 27.06.2017 for the assessment year 2012-13. 2. Shri Kasi Viswanathan Ramnathan, the assessee is a salaried individu....

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....The Ld. A.R. submitted that assessee invested the capital gains within the time stipulated under Section 54F of the Act. The assessee out of abundant caution also filed his return of income within the due date specified under Section 139(1) of the Act claiming exemption under Section 54F of the Act including the amount which had not been utilized before 31.07.2012. The assessee utilized the entire....