Assessee claimed deduction under section 54F against said long term capital gain declaring that he had invested same in a house property in his wife\u2019s name. The assessee failed to produce evidence with regard to investment in house property out of sale proceeds of land. Assessing Officer disallowed deduction under section 54F claimed by assessee. CIT(A) affirmed the of the AO. On appeal the assessee has produced additional evidence. Tribunal remanded the matter to the file of CIT(A) for fresh adjudication. AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"
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