In the result, the appeal filed by the assessee is partly allowed for statistical
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
condone the delay of 38 days in filing the appeal and admit the appeal for adjudication. 5. Now coming to the issue raised by the assessee, the facts are that in the return of income filed, the assessee claimed deduction u/s. 54F of the Act on the capital gain. The Assessing Officer found that the assessee had not utilized