Case Law Details
Case Name : ACIT Vs Justice N. Kannadasan (ITAT Chennai)
Related Assessment Year : 2012-2013
Courts :
All ITAT ITAT Chennai
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ACIT Vs Justice N. Kannadasan (ITAT Chennai)
ITAT Chennai held that exemption under section 54F of the Income Tax Act duly available towards purchase of undivided share of land.
Facts- The only issue in this appeal of Revenue is against the order of CIT(A) directing the AO to verify and allow the claim of deduction u/s.54F of the Act, whereas the CIT(A) has no power to set aside or examine the issue afresh as per the provisions of section 251(1)(a) of the Act.
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