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TMI Blog2017 (3) TMI 1762X X X X Extracts X X X X X X X X Extracts X X X X ..... s adjourned at the request of the assessee to 30.03.2017. Despite having issued notice about the date of hearing, none appeared on behalf of the assessee. Therefore we had no option but to hear the appeal ex-parte qua the assessee. Accordingly, we heard the arguments of the revenue and having carefully perused the orders of the authorities below on the impugned issues raised before us in the light ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 54B of Income tax Act. Even through the assesses being eligible to claim deduction under section 54 B of Income Tax Act. 2. That the Assessing Officer and First Appellate Authority is not right in coming to conclusion that the Assessee under the said Rule is not entitled to claim the deduction if the Asseesee purchased the property out of the sale consideration amount received by the A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appeal came up for hearing on 30.03.2017, but none appeared on behalf of the assessee. 3. On careful perusal of the record, it is noticed that on last date of hearing i.e., 09.02.2017, hearing was adjourned at the request of the assessee to 30.03.2017. Despite having issued notice about the date of hearing, none appeared on behalf of the assessee. Therefore we had no option but to hear t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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