Capital Gain Deduction u/s 54F of Income Tax Act cannot be Denied due to Failure of Assessee to Furnish Complete Details: ITAT Restores Matter to CIT (E) [Read Order]

Capital- Gain- Deduction - Income- Tax- Act - Denied - Failure - Assessee - Furnish -ITAT -TAXSCAN

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) set aside the appellate order and remitted the matter back to the file of the Commissioner of Income Tax (Appeals) [CIT (A)] for consideration and to decide the issues afresh in accordance with law after considering the explanations of the assessee and directed the assessee to…

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