https://www.taxtmi.com/caselaws?id=350235 The Tribunal favored the CIT(A) in determining the fair market value for the computation of long-term capital gain on the sale of a flat, resolving discrepancies in valuation methods and deductions. Regarding the deduction claimed under section 54EC of the Act, the Tribunal allowed the appeal, directing the AO to permit the deduction following a decision from the Hon'ble Madras High Court. The judgment, pronounced on 20.9.2017, settled the issues raised by the assessee concerning capital gain computation and deduction claims under the Income Tax Act. en-us Wed, 20 Sep 2017 00:00:00 +0530 Thu, 02 Nov 2017 08:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350235 The Tribunal favored the CIT(A) in determining the fair market value for the computation of long-term capital gain on the sale of a flat, resolving discrepancies in valuation methods and deductions. Regarding the deduction claimed under section 54EC of the Act, the Tribunal allowed the appeal, directing the AO to permit the deduction following a decision from the Hon'ble Madras High Court. The judgment, pronounced on 20.9.2017, settled the issues raised by the assessee concerning capital gain computation and deduction claims under the Income Tax Act. Case-Laws Income Tax Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350235