Best-Judgment Addition of ₹3.10 Cr u/s 69A Set Aside for Denial of Fair Hearing

Amtula Tasneen Heera Banu Vs ITO (ITAT Chennai)

54F Claim Rejected on Technicalities – Best-Judgment Addition of ₹3.10 Cr u/s 69A Set Aside; Matter Remanded—Penalty u/s 271AAC Also Cancelled

Assessee, a 70-year-old senior citizen, sold property for ₹3.10 Cr (TDS ₹3,10,000) in AY 2018-19 but did not file ROI, stating that entire sale consideration was re-invested in new residential property of ₹3.07 Cr, making her eligible for exemption u/s 54F. AO issued noti

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