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2014 (5) TMI 1076 - AT - Income TaxClaim exemption under section 54F denied - Held that:- In the case in hand, the residential property was not purchased by the assessee at the time of filing of the return. The claim was specifically made by the assessee before the appellate authority. But the first appellate authority failed to exercise its jurisdiction to consider the claim of the assessee. We accordingly set aside the impugned order of the ld. CIT(A) and remand the matter back to the file of the ld. CIT(A) with a direction to consider the claim of the assessee regarding deduction under section 54F of the Act on merits after giving property opportunity to the assessee to represent his case. - Decided in favour of assessee for statistical purposes.
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