Section 54 deduction – ITAT restores matter to AO

Late Smt. Kanta Chandak Vs ITO (ITAT Jodhpur) On merits, the ld. AR submitted that the issue raked up by Ld PCIT relate to the deduction claimed by these assessees u/s 54 of the Act, which was allowed by the AO in the original assessment proceedings. He submitted that these assessees could not furnish proper materials and could not make proper representation before ld. PCIT. He submitted that ld. PCIT had set aside the deduction claimed by the assessees u/s 54 of the Act and directed the AO to examine the claim afresh. In the set aside proceedings, the AO has accepted that the assessees have i...