https://www.taxtmi.com/caselaws?id=179583 The Tribunal partly allowed both appeals, directing the Assessing Officer to recompute the capital gain by considering the fair market value of the constructed property as of 1st April 1981. The appellant was entitled to exemptions under Sections 54 and 54EC, and compliance with the provisions of Sections 54 and 54F was mandated. en-us Fri, 23 Jul 2010 00:00:00 +0530 Fri, 04 Mar 2016 16:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179583 The Tribunal partly allowed both appeals, directing the Assessing Officer to recompute the capital gain by considering the fair market value of the constructed property as of 1st April 1981. The appellant was entitled to exemptions under Sections 54 and 54EC, and compliance with the provisions of Sections 54 and 54F was mandated. Case-Laws Income Tax Fri, 23 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179583