https://www.taxtmi.com/caselaws?id=261111 The Tribunal acknowledged a delay in filing appeals but condoned it. Regarding taxation of capital gains, the CIT's argument on compliance with Section 50C was challenged by the assessee. The CIT's order disallowing exemption under Section 54F was contested due to the gifting of the flat. The Tribunal found the CIT's orders under Section 263 erroneous, remitting the matters back for fresh orders considering the assessee's explanations. Ultimately, the Tribunal set aside the CIT's orders and allowed the appeals for statistical purposes. en-us Wed, 17 Jun 2015 00:00:00 +0530 Fri, 03 Jul 2015 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261111 The Tribunal acknowledged a delay in filing appeals but condoned it. Regarding taxation of capital gains, the CIT's argument on compliance with Section 50C was challenged by the assessee. The CIT's order disallowing exemption under Section 54F was contested due to the gifting of the flat. The Tribunal found the CIT's orders under Section 263 erroneous, remitting the matters back for fresh orders considering the assessee's explanations. Ultimately, the Tribunal set aside the CIT's orders and allowed the appeals for statistical purposes. Case-Laws Income Tax Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261111