https://www.taxtmi.com/caselaws?id=260638 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross objection. It confirmed the deduction under section 54F, recognizing the commercial nature of the properties. The Tribunal also allowed the deduction of Rs. 30 lakhs as compensation for late possession, directing the Assessing Officer to adjust the computation of long-term capital gain accordingly. en-us Fri, 05 Jun 2015 00:00:00 +0530 Sat, 07 Nov 2015 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260638 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross objection. It confirmed the deduction under section 54F, recognizing the commercial nature of the properties. The Tribunal also allowed the deduction of Rs. 30 lakhs as compensation for late possession, directing the Assessing Officer to adjust the computation of long-term capital gain accordingly. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260638