https://www.taxtmi.com/caselaws?id=331624 The Tribunal partially allowed the appeal, modifying the lower authorities' orders. It directed the Assessing Officer to allow the exemption claim under sections 54/54F of the Income-tax Act to the assessee. The Tribunal found that the property was transferred on the specified date, justifying the assessment of capital gains in the relevant year. It confirmed the eligibility for exemption under section 54 for the residential house transferred and upheld the exemption under section 54F, considering the transfer to the assessee's family members as a family arrangement, not a sale. en-us Fri, 22 Jul 2016 00:00:00 +0530 Tue, 06 Feb 2018 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331624 The Tribunal partially allowed the appeal, modifying the lower authorities' orders. It directed the Assessing Officer to allow the exemption claim under sections 54/54F of the Income-tax Act to the assessee. The Tribunal found that the property was transferred on the specified date, justifying the assessment of capital gains in the relevant year. It confirmed the eligibility for exemption under section 54 for the residential house transferred and upheld the exemption under section 54F, considering the transfer to the assessee's family members as a family arrangement, not a sale. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331624