ITAT Surat Remands Section 54F Claim to AO for Fresh Review of Additional Evidence

Rahulkumar Shantilal Shah Vs ITO (ITAT Surat)

The appeal for Assessment Year 2016–17 was filed against an order dated 05.03.2025 passed under section 250 of the Income-tax Act, 1961, confirming additions made by the Assessing Officer. The assessee had originally filed a return declaring total income of ₹10,96,540. During the relevant year, an open plot of land was sold, resulting in Long Term Capital Gain of ₹35,91,084, against which a deduction was claimed.

The Assessing Officer held that the assessee was eligible only for proportionate deduction under section 54F. In

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