ITAT Mumbai Allowed Section 54F Claim in Appeal although Not Made in Return

Dollar Chunilal Modi HUF Vs ITO (ITAT Mumbai)

Section 54F Claim Can Be Raised in Appeal: ITAT Mumbai Restores Exemption Claim on Sale of Depreciable Asset

The Mumbai ITAT (SMC Bench) allowed the assessee’s appeal for statistical purposes for AY 2013-14, holding that a Section 54F exemption claim cannot be rejected merely because it was not made in the original return. The AO h

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