https://www.taxtmi.com/caselaws?id=243368 The Tribunal upheld the First Appellate Authority's decision in a tax case, ruling that the capital gains from the sale of shares were long-term, the assessee did not own another residential house at a specific location, and the assessee was entitled to exemption under Section 54F of the Income Tax Act. The Tribunal also noted that the Assessing Officer did not provide sufficient evidence to challenge these findings and declined to address the issue of the admission of additional evidence as it was not contested by the AO. en-us Wed, 29 Jan 2014 00:00:00 +0530 Fri, 31 Jan 2014 10:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243368 The Tribunal upheld the First Appellate Authority's decision in a tax case, ruling that the capital gains from the sale of shares were long-term, the assessee did not own another residential house at a specific location, and the assessee was entitled to exemption under Section 54F of the Income Tax Act. The Tribunal also noted that the Assessing Officer did not provide sufficient evidence to challenge these findings and declined to address the issue of the admission of additional evidence as it was not contested by the AO. Case-Laws Income Tax Wed, 29 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243368