https://www.taxtmi.com/caselaws?id=385581 The ITAT partially allowed the appeal of the assessee for statistical purposes in relation to capital gains and exemption under section 54, while allowing the appeal on penalty matters. The judgment emphasized the need for a thorough re-examination of the issues in light of relevant legal provisions and case laws. The matter was restored to the Ld. CIT(A) for re-decision regarding the exemption claim under section 54 and penalty under section 271(1)(c). en-us Fri, 06 Sep 2019 00:00:00 +0530 Mon, 09 Sep 2019 08:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385581 The ITAT partially allowed the appeal of the assessee for statistical purposes in relation to capital gains and exemption under section 54, while allowing the appeal on penalty matters. The judgment emphasized the need for a thorough re-examination of the issues in light of relevant legal provisions and case laws. The matter was restored to the Ld. CIT(A) for re-decision regarding the exemption claim under section 54 and penalty under section 271(1)(c). Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385581