ITAT Bangalore allows the appeal filed by Rajyalakshmi Reguraj for Statistical purposes

Last updated: 08 January 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) Bangalore has allowed an appeal filed by Rajyalakshmi Reguraj concerning the 2016-2017 assessment year. The core issue was the restriction of a deduction claimed under Section 54F of the Income Tax Act. The Assessing Officer (AO) and Commissioner (Appeals) had disallowed a portion of the deduction, adding back Rs.11,58,896 to her total income. This decision has now been overturned by the ITAT.

Court :
ITAT Bangalore

Brief :
This appeal at the instance of the assessee is directed against CIT(A)’s order dated 23.05.2019. The relevant assessment year is 2016-2017.

Citation :
ITA No.1717/Bang/2019

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