https://www.taxtmi.com/caselaws?id=388888 The tribunal upheld the findings of the Assessing Officer and Commissioner of Income-tax (Appeals), concluding that the assessee failed to provide sufficient evidence to demonstrate compliance with the conditions for claiming exemption under Section 54F of the Income Tax Act. The tribunal deemed the agreement of sale as lacking credibility and dismissed the appeal, resulting in the addition of Rs. 1,15,73,665/- to the assessee's taxable income. The decision was pronounced in open court on 18th November 2019. en-us Mon, 18 Nov 2019 00:00:00 +0530 Tue, 26 Nov 2019 10:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388888 The tribunal upheld the findings of the Assessing Officer and Commissioner of Income-tax (Appeals), concluding that the assessee failed to provide sufficient evidence to demonstrate compliance with the conditions for claiming exemption under Section 54F of the Income Tax Act. The tribunal deemed the agreement of sale as lacking credibility and dismissed the appeal, resulting in the addition of Rs. 1,15,73,665/- to the assessee's taxable income. The decision was pronounced in open court on 18th November 2019. Case-Laws Income Tax Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388888