Exemption u/s. 54 unjustified as benefit claimed on different document and later transaction completed differently

DCIT Cen Vs Divya Sameer Gehlaut (ITAT Mumbai)

ITAT Mumbai held that assessee claimed benefit u/s 54 on a different document, whereas ultimately the transaction completed on altogether a different set of conditions and property, which is not permissible to claim benefit u/s. 54 of the Act. Accordingly, benefit u/s. 54 denied.

Facts- The case of the assessee was selected for scrutiny under the CASS and assessment was completed u/s. 143(3). During the course

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