ALAUDDIN,AGRA vs. ITO, WARD 1(1)(1), AGRA, AGRA

In the result, the appeal is partly allowed for statistical purposes

Bench: : Shri Sunil Kumar Singh & Shri Manish Agarwalassessment Year: 2015-16

11. Learned representative for the appellant/assessee has reiterated all the grounds taken in the appeal in general, however, specifically submitted that the Revenue has denied the claim of the assessee for the benefit of section 54 of the Act mainly on the ground that one of the properties purchased is commercial property, whereas the nature of the property mentioned