https://www.taxtmi.com/caselaws?id=270664 The Tribunal held that the assessment order was not erroneous or prejudicial to revenue. The AO's determination of capital gains based on the market value at the time of General Power of Attorney execution was upheld. Regarding eligibility for benefit under section 54F, the Tribunal ruled in favor of the assessee, noting the investment in a property where the assessee had a share through a family agreement. The Tribunal concluded that the AO's decision to allow the benefit under section 54F was correct, rejecting the CIT's revision under section 263. en-us Wed, 18 Nov 2015 00:00:00 +0530 Tue, 12 Jan 2016 00:51:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270664 The Tribunal held that the assessment order was not erroneous or prejudicial to revenue. The AO's determination of capital gains based on the market value at the time of General Power of Attorney execution was upheld. Regarding eligibility for benefit under section 54F, the Tribunal ruled in favor of the assessee, noting the investment in a property where the assessee had a share through a family agreement. The Tribunal concluded that the AO's decision to allow the benefit under section 54F was correct, rejecting the CIT's revision under section 263. Case-Laws Income Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270664