https://www.taxtmi.com/caselaws?id=176926 The Tribunal allowed the appeal of the assessee, ruling that the amount received on retirement from the partnership firm was not taxable as capital gains based on legal precedents. Additionally, the Tribunal upheld the proportionate deduction under section 54F of the Act for the amount invested in the construction of a house against long-term capital gains. The decision resulted in the appeal of the assessee being allowed and that of the Revenue being disposed of accordingly. en-us Wed, 10 Dec 2014 00:00:00 +0530 Thu, 31 Dec 2015 12:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176926 The Tribunal allowed the appeal of the assessee, ruling that the amount received on retirement from the partnership firm was not taxable as capital gains based on legal precedents. Additionally, the Tribunal upheld the proportionate deduction under section 54F of the Act for the amount invested in the construction of a house against long-term capital gains. The decision resulted in the appeal of the assessee being allowed and that of the Revenue being disposed of accordingly. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176926