https://www.taxtmi.com/caselaws?id=236569 The Tribunal allowed the assessee's appeal for exemption under Section 54EC, citing an agreement to sell and considering earnest money as part of the sale consideration. The issue of exemption under Section 54F was sent back to the Assessing Officer for re-examination due to regularization under an amnesty scheme. The Tribunal upheld the assessee's valuation based on fair market value and the use of the cost inflation index from 1981-82, rejecting the Revenue's appeal. en-us Fri, 28 Jun 2013 00:00:00 +0530 Wed, 30 Mar 2016 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236569 The Tribunal allowed the assessee's appeal for exemption under Section 54EC, citing an agreement to sell and considering earnest money as part of the sale consideration. The issue of exemption under Section 54F was sent back to the Assessing Officer for re-examination due to regularization under an amnesty scheme. The Tribunal upheld the assessee's valuation based on fair market value and the use of the cost inflation index from 1981-82, rejecting the Revenue's appeal. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236569