https://www.taxtmi.com/caselaws?id=381758 The Tribunal upheld the CIT(A)'s decision, allowing deductions under sections 54, 54F, and 54EC for capital gains from the sale of a property, emphasizing that the deductions are not mutually exclusive and can be claimed for the same transaction. It was ruled that the entire property, including the land appurtenant to the building, should be considered for the deduction under section 54. Additionally, the Tribunal allowed the claim under section 54F, even though it was not initially made in the return of income, highlighting the authority of appellate bodies to adjudicate legitimate claims. en-us Thu, 25 Apr 2019 00:00:00 +0530 Tue, 18 Jun 2019 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381758 The Tribunal upheld the CIT(A)'s decision, allowing deductions under sections 54, 54F, and 54EC for capital gains from the sale of a property, emphasizing that the deductions are not mutually exclusive and can be claimed for the same transaction. It was ruled that the entire property, including the land appurtenant to the building, should be considered for the deduction under section 54. Additionally, the Tribunal allowed the claim under section 54F, even though it was not initially made in the return of income, highlighting the authority of appellate bodies to adjudicate legitimate claims. Case-Laws Income Tax Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381758