ITAT Remands Matter to AO for Deduction Claim under Section 54F

Subba Raju Chekuri Vs ITO (ITAT Hyderabad)

Introduction: In a recent tax dispute, Subba Raju Chekuri contested against the Income Tax Officer (ITO) before the Income Tax Appellate Tribunal (ITAT) in Hyderabad. The case arose from the assessment year 2012-13 and was centered around the failure of the assessee to provide evidence in support of their claim for deduction under Section 54F of the Income Tax Act.

Detailed Analysis: The matter originated from an

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