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2015 (10) TMI 792 - ITAT MUMBAIDeduction u/s 54F against the long term capital gain - CIT(A) allowed the claim - Held that:- Insofar as the assessee’s claim for deduction under section 54F is concerned, the same has been found to be admissible by the Assessing Officer in the order giving effect to the learned Commissioner (Appeals). As regards the submissions of the learned Departmental Representative, we do not find any merit, firstly, because, the learned Commissioner (Appeals) is empowered to admit the additional ground and allow the claim for deduction if it is permissible in accordance with law and secondly, The learned Commissioner (Appeals) has merely directed the Assessing Officer to verify the claim of the assessee and allow the claim in accordance with the law which, in turn, has been found to be admissible. Thus, there is no infirmity in the order of the learned Commissioner (Appeals) and accordingly we do not find any merits in the ground raised by the Revenue and, therefore, the same is dismissed. - Decided against revenue.
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