https://www.taxtmi.com/caselaws?id=330588 The Appellate Tribunal ITAT DELHI ruled in favor of the appellant in a case concerning the computation of income from long term capital gains. The Tribunal emphasized the importance of considering the actual sale consideration received by the assessee for calculating capital gains, as per section 48 of the Income-tax Act, 1961. Additionally, the Tribunal allowed the appellant to raise additional grounds related to the application of deeming provisions under section 50C to exemption provisions under section 54 to 54F, ultimately ruling in favor of the appellant based on legal interpretations and precedents cited. en-us Wed, 20 Jul 2016 00:00:00 +0530 Fri, 29 Jul 2016 13:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330588 The Appellate Tribunal ITAT DELHI ruled in favor of the appellant in a case concerning the computation of income from long term capital gains. The Tribunal emphasized the importance of considering the actual sale consideration received by the assessee for calculating capital gains, as per section 48 of the Income-tax Act, 1961. Additionally, the Tribunal allowed the appellant to raise additional grounds related to the application of deeming provisions under section 50C to exemption provisions under section 54 to 54F, ultimately ruling in favor of the appellant based on legal interpretations and precedents cited. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330588