Assessee has raised the ground that the learned Commissioner of Income-tax (Appeals) erred in law as well as on the facts of the case in confirming the allowance of the deduction claimed under section 54F up to Rs. 17,18,127 only as against the deduction claimed by the appellant of Rs, 46,93,353 and thus, thereby confirming the denial of deduction of Rs. 29,13,226. The confirmation of the part denial of the deduction made by the Assess­ing Officer, being contrary to the provisions of law and facts, the rest amount of deduction also kindly be allowed.