ITAT Remands Section 54F Dispute Due to Non-Consideration of Evidence

Nirmal Kishore Jain Vs Addl./Joint/ Dy. /ACIT (ITAT Delhi) In a recent decision, the Income Tax Appellate Tribunal restored a matter to the Assessing Officer for fresh adjudication after observing that the lower authorities had failed to properly consider the assessee’s submissions and documentary evidence. The appeal was filed against the order dated 25.08.2025 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, New Delhi. The assessee challenged the denial of relief under Section 54F and also disputed the enhancement of property value from Rs. 40,00,000 to ...