CIT(A) Reviews and Corrects Section 54 Exemption Claim, Removing Additional Charges Imposed by Assessing Officer.

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....Disallowance of exemption u/s. 54 - CIT(A) was very much in powers to consider the claim of the assessee which was left half way by the Ld. AO. Then, upon going through order of ld. CIT(A) it can be observed that Ld. CIT(A) has meticulously examined the claim of deduction u/s 54 of the Act in terms of eligibility and quantum. - CIT(A) rightly deleted the additions - AT....