https://www.taxtmi.com/caselaws?id=330990 The court upheld the disallowance of Long Term Capital Gain related to furniture and fixtures in connection with the transfer of tenancy rights due to lack of evidence supporting the claim. Additionally, the court favored the assessee in deleting the addition under section 54F of the Income Tax Act, as the unutilized amount was deposited in the Capital Gain Saving Account Scheme and would be taxed after three years. The decisions were based on provisions of the Act and evidence presented, resulting in the dismissal of appeals by both parties. en-us Wed, 22 Jun 2016 00:00:00 +0530 Wed, 10 Aug 2016 11:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330990 The court upheld the disallowance of Long Term Capital Gain related to furniture and fixtures in connection with the transfer of tenancy rights due to lack of evidence supporting the claim. Additionally, the court favored the assessee in deleting the addition under section 54F of the Income Tax Act, as the unutilized amount was deposited in the Capital Gain Saving Account Scheme and would be taxed after three years. The decisions were based on provisions of the Act and evidence presented, resulting in the dismissal of appeals by both parties. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330990