https://www.taxtmi.com/caselaws?id=278268 The Tribunal partially allowed the Revenue's appeal, directing a re-examination of reinvestment details for accurate long term capital gains computation. It clarified the due date for claiming deductions under section 54F as per section 139(4) and emphasized the separate consideration of actual sale proceeds for reinvestment under section 54F, disregarding section 50C's deemed value. The decision highlighted the need for independent interpretation of 'full value of consideration' under section 54F. en-us Mon, 24 Jul 2017 00:00:00 +0530 Tue, 22 Jan 2019 07:51:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278268 The Tribunal partially allowed the Revenue's appeal, directing a re-examination of reinvestment details for accurate long term capital gains computation. It clarified the due date for claiming deductions under section 54F as per section 139(4) and emphasized the separate consideration of actual sale proceeds for reinvestment under section 54F, disregarding section 50C's deemed value. The decision highlighted the need for independent interpretation of 'full value of consideration' under section 54F. Case-Laws Income Tax Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278268