https://www.taxtmi.com/caselaws?id=61932 The Appellate Tribunal held that the deduction under section 80T should be allowed after computing capital gains as per sections 45, 48, and 54 of the Income-tax Act, 1961. The Tribunal affirmed the Income Tax Officer's computation method, emphasizing that the exemption under section 54 should be deducted first before allowing the deduction under section 80T. Consequently, the appeal by the assessee was dismissed, and the assessment of capital gains was upheld. en-us Wed, 07 Aug 1985 00:00:00 +0530 Mon, 17 Jan 2011 11:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61932 The Appellate Tribunal held that the deduction under section 80T should be allowed after computing capital gains as per sections 45, 48, and 54 of the Income-tax Act, 1961. The Tribunal affirmed the Income Tax Officer's computation method, emphasizing that the exemption under section 54 should be deducted first before allowing the deduction under section 80T. Consequently, the appeal by the assessee was dismissed, and the assessment of capital gains was upheld. Case-Laws Income Tax Wed, 07 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61932