https://www.taxtmi.com/caselaws?id=271003 The Tribunal upheld the CIT(A)'s decision, confirming the assessee's entitlement to deduction under Section 54 of the Income Tax Act. The purchase of the new flat was deemed within the allowable period based on the date of the rectification deed. The Tribunal dismissed the revenue's appeal and partially allowed the assessee's cross-objection, instructing the AO to calculate the Indexed Cost of Acquisition in accordance with relevant High Court principles. en-us Fri, 30 Oct 2015 00:00:00 +0530 Sun, 24 Jan 2016 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271003 The Tribunal upheld the CIT(A)'s decision, confirming the assessee's entitlement to deduction under Section 54 of the Income Tax Act. The purchase of the new flat was deemed within the allowable period based on the date of the rectification deed. The Tribunal dismissed the revenue's appeal and partially allowed the assessee's cross-objection, instructing the AO to calculate the Indexed Cost of Acquisition in accordance with relevant High Court principles. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271003