https://www.taxtmi.com/caselaws?id=180884 The Tribunal upheld the decision of the CIT(A) to allow deductions under sections 54EC for the appellant's long term capital gains from the sale of ancestral joint property. The Tribunal also admitted additional evidence for the claim of indexed cost of acquisition, directing the Assessing Officer to decide on the deduction under section 48(ii) based on the new evidence. The revenue's appeal was dismissed, and the assessee's cross objection was allowed for statistical purposes. en-us Wed, 30 Jan 2013 00:00:00 +0530 Mon, 04 Apr 2016 10:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180884 The Tribunal upheld the decision of the CIT(A) to allow deductions under sections 54EC for the appellant's long term capital gains from the sale of ancestral joint property. The Tribunal also admitted additional evidence for the claim of indexed cost of acquisition, directing the Assessing Officer to decide on the deduction under section 48(ii) based on the new evidence. The revenue's appeal was dismissed, and the assessee's cross objection was allowed for statistical purposes. Case-Laws Income Tax Wed, 30 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180884