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2022 (3) TMI 431 - ITAT BANGALOREDeduction u/s 54F - assessee failed to produce any evidence to substantiate the claim and hence the exemption was disallowed by the AO - HELD THAT:- We notice that the CIT(A) in his order has admitted the fact that the assessee’s representative for the first time produced various details on 21.06.2010 - CIT (A) has infact verified these evidences but had rejected the same merely on the ground that these details should have been available with the assessee during the assessment proceedings itself and should have been produced before the AO. In our view the decision of CIT(A) on a presumptive basis is incorrect and the CIT(A) has disposed off the appeal without considering the merits of the evidences submitted. The assessee’s submission that the consultant handled the assessment proceedings in an unprofessional manner also warrants consideration. Under these facts we feel it proper to restore back this matter to the file of AO for fresh decision after admitting the evidences which the assessee may like to bring on record. Appeal of the assessee is allowed for statistical purposes.
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