https://www.taxtmi.com/caselaws?id=329860 The tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to treat the assessee's rights in the flat as a capital asset eligible for deduction under section 54F of the Act. The Revenue's appeal was dismissed, affirming that the consideration received by the assessee on the sale of her rights to obtain the conveyance of the flat qualified for capital gains exemption, as the rights were recognized as a capital asset based on a registered agreement for sale and the tripartite agreement with the builder. en-us Thu, 30 Jun 2016 00:00:00 +0530 Mon, 11 Jul 2016 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329860 The tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to treat the assessee's rights in the flat as a capital asset eligible for deduction under section 54F of the Act. The Revenue's appeal was dismissed, affirming that the consideration received by the assessee on the sale of her rights to obtain the conveyance of the flat qualified for capital gains exemption, as the rights were recognized as a capital asset based on a registered agreement for sale and the tripartite agreement with the builder. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329860