Failure of Assessee to Furnish any Evidence to Support Claim of Deduction u/s 54F of Income Tax Act: ITAT Remands Matter to AO for Re-adjudication [Read Order]

Failure of Assessee to Furnish any Evidence to Support Claim of Deduction - Income Tax Act - ITAT Remands Matter to AO for Re - adjudication - TAXSCAN

The Hyderabad Bench of Income Tax held that the assessee was not present before the Commissioner of Income Tax Appeals [CIT(A)] in the appellate proceedings and has not filed any document to substantiate his case, thus remanded the case to the file of Assessing Officer(AO) to review the claim of deduction under Section 54F of…

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