https://www.taxtmi.com/caselaws?id=179053 The Tribunal upheld the decisions of the CIT(A) for both assessment years, ruling in favor of the assessee regarding the computation of net sale consideration, applicability of section 50C, and the treatment of capital gains for a charitable trust under section 11(1A) of the Income Tax Act. The Tribunal emphasized that the entire sale consideration was utilized for acquiring new capital assets, resulting in the exemption of capital gains. en-us Thu, 21 Aug 2014 00:00:00 +0530 Fri, 19 Feb 2016 10:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179053 The Tribunal upheld the decisions of the CIT(A) for both assessment years, ruling in favor of the assessee regarding the computation of net sale consideration, applicability of section 50C, and the treatment of capital gains for a charitable trust under section 11(1A) of the Income Tax Act. The Tribunal emphasized that the entire sale consideration was utilized for acquiring new capital assets, resulting in the exemption of capital gains. Case-Laws Income Tax Thu, 21 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179053