JEETENDRA CHANDRAKANT NAYAK,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOM TAX(OSD), NAGPUR

In the result, the appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

section 54F as the assessee owned more than once residential house at the time of transfer, therefore order passed is unjustified, unwarranted and excessive. 3] On the facts and circumstances the Commissioner of Income Tax Appeal, National Faceless Appeal Centre erred in not considering as per law and on the facts of the case in confirming that the properties jointly