ITAT Grants Fresh Opportunity to Claim Section 54F Deduction

Sujit Dharamdas Patel Vs ACIT (ITAT Mumbai) Section 54F Claim Gets Fresh Lease: ITAT Mumbai Remands Case for One More Opportunity to Furnish Evidence ITAT Mumbai (F Bench) in Sujit Dharamdas Patel vs ACIT (ITA No. 4939/Mum/2025, AY 2016-17, order dated 23.12.2025) has set aside the disallowance of ₹2.90 crore claimed u/s 54F and restored the matter to the Assessing Officer for de-novo adjudication, granting the assessee one final opportunity to substantiate the claim with proper documentary evidence. The Assessee had sold two parcels of land (₹2.15 crore and ₹75 lakh) and claimed deducti...