ITAT allows Section 54 Deduction Not Claimed in Original or Revised Return

Late Gurdip Singh Kapur Vs ACIT (ITAT Delhi)

Introduction: In a significant ruling by the Income Tax Appellate Tribunal (ITAT) Delhi, the tribunal has addressed the pivotal issue surrounding the non-claim of Section 54 deduction in both original and revised returns. The case in question is “Late Gurdip Singh Kapur Vs ACIT”.

Background of the Case: The assessee had contested the final assessment order for the assessment year 2017-18, specifical

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