Section 54 Exemption Allowed for Multiple Properties as Pre-2015 Law Permitted It: ITAT Delhi

Mridula Agarwal Vs ITO (ITAT Delhi) The appeal before the Income Tax Appellate Tribunal (ITAT), Delhi Bench, concerned Assessment Year 2012–13 and arose from an order of the Commissioner of Income Tax (Appeals) [CIT(A)]. The assessee challenged both procedural irregularities and substantive disallowance of exemption under Section 54 of the Income Tax Act. The assessee argued that the CIT(A) passed an ex-parte order without granting proper opportunity of hearing. It was contended that representation was made on the last date, an adjournment was sought but refused, and written submissions subm...