https://www.taxtmi.com/caselaws?id=217910 The case involved a dispute over the assessment of Long Term Capital Gain for an individual regarding property ownership. The Appellate Tribunal upheld the First Appellate Authority's decision, ruling in favor of the individual. The Tribunal found that the Assessing Officer had inaccurately assessed the individual's share in the property, emphasizing the significance of documentary evidence in determining tax liabilities. The individual's investment in Tax Exemption Bonds under Section 54E of the Income Tax Act was considered, leading to the dismissal of the Revenue's appeal. en-us Fri, 19 Oct 2012 00:00:00 +0530 Mon, 29 Oct 2012 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217910 The case involved a dispute over the assessment of Long Term Capital Gain for an individual regarding property ownership. The Appellate Tribunal upheld the First Appellate Authority's decision, ruling in favor of the individual. The Tribunal found that the Assessing Officer had inaccurately assessed the individual's share in the property, emphasizing the significance of documentary evidence in determining tax liabilities. The individual's investment in Tax Exemption Bonds under Section 54E of the Income Tax Act was considered, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217910