https://www.taxtmi.com/caselaws?id=268828 The ITAT partially allowed the appeal, ruling in favor of taxing Capital Gains in the year of the development agreement, granting exemption under Section 54F for reinvestment in houses, and directing independent assessment of Long Term Capital Gains for the development of plots. The ITAT disagreed with the CIT(A) on various issues, providing detailed reasoning and instructions for each matter. en-us Fri, 09 Oct 2015 00:00:00 +0530 Wed, 02 Dec 2015 22:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268828 The ITAT partially allowed the appeal, ruling in favor of taxing Capital Gains in the year of the development agreement, granting exemption under Section 54F for reinvestment in houses, and directing independent assessment of Long Term Capital Gains for the development of plots. The ITAT disagreed with the CIT(A) on various issues, providing detailed reasoning and instructions for each matter. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268828