2021 (7) TMI 373

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.... Sanjay J. Sethi - Ld. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aggrieved by denial of exemption u/s 54 for Rs. 27.20 Lacs, the assessee is in further appeal before us. The assessee has also raised an additional ground to submit that Ld. CIT(A) erred in not admitting the additional evidences filed by the assessee. An application has also been made before us for admission of ad....

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....ons of Sec.54 were fulfilled by the assessee. However, no other document could be furnished by the assessee in support of investment in new flat. The field visit by ward-inspector revealed that the said flat was in the name of Shri Dilpreet Singh Anand. In response to notice u/s 133(6), the builder submitted that due to some reasons, the booking was cancelled and the amount paid by the assessee....

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....04. Further the allotment letter dated 16/05/2012 with respect to Flat No.701 did not specify the terms as generally contained in the allotment letter and the same was not legally enforceable allotment letter. Thus the action of Ld. AO in denying the deduction was upheld. Aggrieved, the assessee is in further appeal before us. 5. Before us, Ld. Sr. Counsel, inter-alia, assailed the action of Ld....

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....ted 28/03/2014 and agreement dated 30/03/2016. These documents shall have material bearing to ascertain the assessee's claim of deduction u/s 54. Therefore, these evidences ought to have been admitted. Keeping in view the arguments made before us, we direct Ld. CIT(A) to admit the additional evidences and re-adjudicate the issue of deduction u/s 54 in the light of these evidences as well as factua....