Criteria for Disallowance of Exemption u/s 54 of the Income Tax Act

Last updated: 09 June 2021
Quick Summary
This Income Tax Appellate Tribunal ruling addresses the disallowance of exemption under Section 54 of the Income Tax Act for the assessment year 2011-12. The assessee argued that the exemption was wrongly disallowed, as the conditions imposed by the CIT(A) were not prescribed by the Act itself. The tribunal considered two appeals related to the original assessment and an appeal giving effect to a previous order.

Court :
ITAT Delhi

Brief :
These two appeals filed by the assessee are directed against the two different orders of Ld. CIT(A)-18, New Delhi dated 06.04.2017 and Ld.CIT(A)-35, New Delhi dated 05.03.2019 for the same assessment year 2011-12. 

Citation :
ITA No.3270/Del/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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