https://www.taxtmi.com/caselaws?id=211495 The court dismissed the appeal and upheld the ITAT's decision on various grounds, including the interpretation of ownership in Section 54F of the Income Tax Act, the application of relevant case law on Long Term Capital Gains exemption, and the impact of a family settlement dispute on capital gains exemption eligibility. The court found that the tax effect exceeded the threshold set by the Board's circular, allowing the appeal to proceed despite the appellant's arguments to the contrary. en-us Tue, 13 Dec 2011 00:00:00 +0530 Wed, 22 Feb 2012 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211495 The court dismissed the appeal and upheld the ITAT's decision on various grounds, including the interpretation of ownership in Section 54F of the Income Tax Act, the application of relevant case law on Long Term Capital Gains exemption, and the impact of a family settlement dispute on capital gains exemption eligibility. The court found that the tax effect exceeded the threshold set by the Board's circular, allowing the appeal to proceed despite the appellant's arguments to the contrary. Case-Laws Income Tax Tue, 13 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211495