https://www.taxtmi.com/caselaws?id=346345 The Tribunal allowed the appeal of the assessee, determining in favor of the assessee on various grounds related to the computation of long-term capital gains and exemptions under section 54 of the Income-tax Act. The Tribunal held that the amount paid to the sister-in-law should be considered part of the cost of acquisition, reducing the sale consideration. Additionally, the Tribunal allowed exemption for investments in multiple properties and directed the AO to verify compliance for a vacant residential plot at the end of a specified period. en-us Fri, 16 Jun 2017 00:00:00 +0530 Wed, 09 Aug 2017 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346345 The Tribunal allowed the appeal of the assessee, determining in favor of the assessee on various grounds related to the computation of long-term capital gains and exemptions under section 54 of the Income-tax Act. The Tribunal held that the amount paid to the sister-in-law should be considered part of the cost of acquisition, reducing the sale consideration. Additionally, the Tribunal allowed exemption for investments in multiple properties and directed the AO to verify compliance for a vacant residential plot at the end of a specified period. Case-Laws Income Tax Fri, 16 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346345