https://www.taxtmi.com/caselaws?id=233344 The Tribunal upheld the decision of the Ld CIT(A) regarding the cost inflation index for calculating long-term capital gain on Property No.1. However, the Tribunal disagreed with the Ld CIT(A) on the long-term capital gain assessable on the sale of Property No.2, ruling that the capital gain should be assessed in the hands of the assessee, not her father acting as her Power of Attorney holder. The Tribunal also held that the assessee was not entitled to exemption u/s 54F for the property purchased by her father. en-us Fri, 12 Apr 2013 00:00:00 +0530 Tue, 23 Apr 2013 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233344 The Tribunal upheld the decision of the Ld CIT(A) regarding the cost inflation index for calculating long-term capital gain on Property No.1. However, the Tribunal disagreed with the Ld CIT(A) on the long-term capital gain assessable on the sale of Property No.2, ruling that the capital gain should be assessed in the hands of the assessee, not her father acting as her Power of Attorney holder. The Tribunal also held that the assessee was not entitled to exemption u/s 54F for the property purchased by her father. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233344