Section 54F Exemption Allowed for Timely Investment and ITAT Deletes Addition and Grants Relief

ITAT allows Section 54 exemption before due date of filing belated ITR ITAT allowed Section 54F exemption and holding that investment made before filing return u/s 139(4) is valid and additions deleted and assessee’s appeal allowed Fact of the case The assessee reported income of Rs. 2.34 lakh in his return, but his case caught…