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2022 (10) TMI 1103 - AT - Income TaxExemption u/s 54F - claim of the assessee for excess exemption denied - HELD THAT:- Exemption u/s 54F was wrongly claimed by the assessee after taking into consideration the amount of Long Term Capital Gain after reducing the exemption claimed under Section 54EC of the Act. As noted by the learned CIT(A) in paragraph No. 6.1.1. of his impugned order, this mistake in the working of exemption under Section 54F was accepted by the authorized representative of the assessee and keeping in view the same, the learned CIT(A) upheld the action of the Assessing Officer in disallowing the claim of the assessee for excess exemption under Section 54F - Thus find no infirmity in the impugned order of the learned CIT(A) in confirming the disallowance made by the Assessing Officer on this issue and upholding the same, dismiss the appeal filed by the assessee.
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