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2014 (6) TMI 256 - AT - Income TaxAdmission of additional evidence under Rule 46A – Addition of LTCG on sale on immovable property – Held that:- In absence of any documentary evidence with regard to the claim of exemption u/s 54 of the Act, the AO added the amount to the income of the assessee - in the remand report, the AO observed that the assessee had failed to furnish the required sale deed in support of investment made qualifying the deduction u/s 54 of Act – CIT(A) observed that no comments were offered by the AO on the merits of the evidence - the remand report says that the claim was allowable as per Income-tax Act, 1961 - The CIT (A) granted the relief by admitting the additional evidence – as the remand report says that the claim of the assessee is allowable as per Income-tax Act, 1961, thus, there is no merits in the appeal of the revenue – Decided against Revenue.
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