https://www.taxtmi.com/caselaws?id=374037 The appeal was dismissed by the Tribunal based on the assessee's admission regarding the lower cost of acquisition of the property as on 01.04.1981. Additionally, the deduction claimed under section 54F of the Income-tax Act was disallowed as the assessee failed to comply with the provisions of the Act, specifically regarding depositing the unutilized amount of capital gains in the capital gains scheme account by the due date of filing the return of income. The decision was in line with established legal precedents and the Tribunal's previous rulings, leading to the dismissal of the appeal. en-us Mon, 21 Jan 2019 00:00:00 +0530 Tue, 12 Mar 2019 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374037 The appeal was dismissed by the Tribunal based on the assessee's admission regarding the lower cost of acquisition of the property as on 01.04.1981. Additionally, the deduction claimed under section 54F of the Income-tax Act was disallowed as the assessee failed to comply with the provisions of the Act, specifically regarding depositing the unutilized amount of capital gains in the capital gains scheme account by the due date of filing the return of income. The decision was in line with established legal precedents and the Tribunal's previous rulings, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374037