https://www.taxtmi.com/caselaws?id=331305 The appeal filed by the Assessing Officer was dismissed, and the Cross Objection filed by the assessee was partly allowed. The First Appellate Authority's decisions on the Long Term Capital Gain (LTCG) exemption under Section 54F and adoption of Fair Market Value (FMV) were upheld. The issue of Short Term Capital Gain (STCG) exemption on a transaction between blood relatives was remitted back to the First Appellate Authority for reconsideration. en-us Fri, 12 Aug 2016 00:00:00 +0530 Fri, 19 Aug 2016 10:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331305 The appeal filed by the Assessing Officer was dismissed, and the Cross Objection filed by the assessee was partly allowed. The First Appellate Authority's decisions on the Long Term Capital Gain (LTCG) exemption under Section 54F and adoption of Fair Market Value (FMV) were upheld. The issue of Short Term Capital Gain (STCG) exemption on a transaction between blood relatives was remitted back to the First Appellate Authority for reconsideration. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331305