https://www.taxtmi.com/caselaws?id=177529 The Tribunal allowed the assessee's appeal, granting the deduction under Section 54F of the Income-tax Act, 1961. The Tribunal held that the original agreement and possession in 2004 constituted a valid transfer, making the asset a long-term capital asset. Consequently, the issue of levying interest under Sections 234A and 234B was deemed consequential and did not require separate adjudication. en-us Fri, 21 Mar 2014 00:00:00 +0530 Mon, 11 Jan 2016 23:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177529 The Tribunal allowed the assessee's appeal, granting the deduction under Section 54F of the Income-tax Act, 1961. The Tribunal held that the original agreement and possession in 2004 constituted a valid transfer, making the asset a long-term capital asset. Consequently, the issue of levying interest under Sections 234A and 234B was deemed consequential and did not require separate adjudication. Case-Laws Income Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177529