https://www.taxtmi.com/caselaws?id=204018 The High Court upheld the decision of the Income-tax Appellate Tribunal, which allowed the assessee's deduction claim under section 54F of the Income-tax Act for long-term capital gains arising from the sale of a property. The court relied on precedents set by the Bombay High Court and the Gauhati High Court in similar cases, determining that the assessee had met the requirements for the deduction. The Revenue's appeal to the Supreme Court was dismissed, affirming the lower court's decision and establishing that no substantial legal question was raised. en-us Fri, 08 Apr 2011 00:00:00 +0530 Thu, 20 Dec 2012 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204018 The High Court upheld the decision of the Income-tax Appellate Tribunal, which allowed the assessee's deduction claim under section 54F of the Income-tax Act for long-term capital gains arising from the sale of a property. The court relied on precedents set by the Bombay High Court and the Gauhati High Court in similar cases, determining that the assessee had met the requirements for the deduction. The Revenue's appeal to the Supreme Court was dismissed, affirming the lower court's decision and establishing that no substantial legal question was raised. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204018