Non Appearance and Failure to submit Documentation in exemption claim u/S 54 of Income Tax Act: ITAT dismisses appeal [Read Order]

ITAT dismissed appeal due to non-appearance and failure to submit documentation for exemption claim under Section 54 of the Income Tax Act 1961
ITAT - Income Tax Act - ITAT dismisses appeal -ITAT mumbai - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) dismissed appeal due to non-appearance and failure to submit documentation for exemption claim under Section 54 of the Income Tax Act 1961 The Assesse declared a total income of Rs.55,50,890/- on 29/11/2014. The return was processed under section 143(1) of the Income Tax Act 1961….

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