https://www.taxtmi.com/caselaws?id=211361 The appeal involved the deletion of an addition of long term capital gain and the disallowance of a claim under section 54 of the IT Act 1961. The CIT(A) ruled in favor of the assessee regarding the long term capital gain, emphasizing correct indexation principles. In the case of the disallowance under section 54, the Tribunal upheld the CIT(A)'s decision, allowing the claim as the investment in the new property was made within the extended time limit. The revenue's appeal was dismissed, affirming the assessee's entitlement to exemption under section 54. en-us Fri, 20 Jan 2012 00:00:00 +0530 Wed, 20 Apr 2016 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211361 The appeal involved the deletion of an addition of long term capital gain and the disallowance of a claim under section 54 of the IT Act 1961. The CIT(A) ruled in favor of the assessee regarding the long term capital gain, emphasizing correct indexation principles. In the case of the disallowance under section 54, the Tribunal upheld the CIT(A)'s decision, allowing the claim as the investment in the new property was made within the extended time limit. The revenue's appeal was dismissed, affirming the assessee's entitlement to exemption under section 54. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211361