https://www.taxtmi.com/caselaws?id=345546 The Tribunal allowed the appeal, directing the valuation of property for computing capital gains to be based on the value adopted by stamp authorities. It allowed the deduction under section 54/54F for investments made before the extended due date, with further verification required for additional expenses. The Tribunal instructed the Assessing Officer to consider the reinvestment of capital gain from jewellery in a property for deduction under section 54/54F, following guidance from a Bombay High Court judgment. The Tribunal provided detailed directions for each issue, granting relief to the assessee. en-us Tue, 06 Dec 2016 00:00:00 +0530 Thu, 20 Jul 2017 07:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345546 The Tribunal allowed the appeal, directing the valuation of property for computing capital gains to be based on the value adopted by stamp authorities. It allowed the deduction under section 54/54F for investments made before the extended due date, with further verification required for additional expenses. The Tribunal instructed the Assessing Officer to consider the reinvestment of capital gain from jewellery in a property for deduction under section 54/54F, following guidance from a Bombay High Court judgment. The Tribunal provided detailed directions for each issue, granting relief to the assessee. Case-Laws Income Tax Tue, 06 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345546