2016 (3) TMI 167 - SCH - Income Tax

Deduction u/s 54F - Held that - We modify the impugned judgment by directing that the Assessing Officer shall consider the matter de novo without being influenced by any observation made by the High Court in 2014 (4) TMI 211 - KERALA HIGH COURT , in accordance with law.

Summary

The Supreme Court modified the judgment, directing the Assessing Officer to reconsider the matter without being influenced by the High Court's observations. The appeal was allowed accordingly, with no costs imposed.