https://www.taxtmi.com/caselaws?id=359480 The Income Tax Appellate Tribunal (ITAT) allowed both appeals for statistical purposes, remanding the matter of computing capital gains back to the Assessing Officer for proper assessment in accordance with the law. The ITAT emphasized the importance of assisting taxpayers in claiming their rights and ensuring that substantial justice is upheld in tax matters. The ITAT upheld the disallowance of deductions claimed under section 54F of the Income Tax Act due to investments being made in the name of the assessees' sons instead of their own names. en-us Tue, 24 Apr 2018 00:00:00 +0530 Tue, 01 May 2018 06:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359480 The Income Tax Appellate Tribunal (ITAT) allowed both appeals for statistical purposes, remanding the matter of computing capital gains back to the Assessing Officer for proper assessment in accordance with the law. The ITAT emphasized the importance of assisting taxpayers in claiming their rights and ensuring that substantial justice is upheld in tax matters. The ITAT upheld the disallowance of deductions claimed under section 54F of the Income Tax Act due to investments being made in the name of the assessees' sons instead of their own names. Case-Laws Income Tax Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359480