ITAT Quashes PCIT Order on Section 54F Deduction for House on Agricultural Land

Smt. Lata Phulwani Vs PCIT (ITAT Jaipur)

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has set aside an order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961, in the case of Smt. Lata Phulwani. The ITAT held that the PCIT’s action of revising the assessment order was unsustainable as the Assessing Officer (AO) had conducted due inquiry on the issues under limited scrutiny and had adopted a permissible view regarding the deduction claimed under Section 54F.

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