https://www.taxtmi.com/caselaws?id=374887 The Tribunal upheld the CIT(A)'s decision that the gains were Long-Term Capital Gains (LTCG) and the assessee was eligible for deduction under section 54F for purchasing two adjacent flats used as a single unit. The Tribunal supported the CIT(A)'s reliance on CBDT Circular Nos. 471 & 672 and the Bombay High Court judgment in a similar case. Additionally, the Tribunal found that the BMC's certificate did not justify denying the deduction. The appeal to reverse the CIT(A)'s order was dismissed, and the decision was rendered on 05th February 2019. en-us Tue, 05 Feb 2019 00:00:00 +0530 Tue, 12 Feb 2019 07:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374887 The Tribunal upheld the CIT(A)'s decision that the gains were Long-Term Capital Gains (LTCG) and the assessee was eligible for deduction under section 54F for purchasing two adjacent flats used as a single unit. The Tribunal supported the CIT(A)'s reliance on CBDT Circular Nos. 471 & 672 and the Bombay High Court judgment in a similar case. Additionally, the Tribunal found that the BMC's certificate did not justify denying the deduction. The appeal to reverse the CIT(A)'s order was dismissed, and the decision was rendered on 05th February 2019. Case-Laws Income Tax Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374887