https://www.taxtmi.com/caselaws?id=390217 The Tribunal allowed the appeal of the assessee, highlighting the correct application of Section 54F for calculating exemptions related to long term capital gains and rejecting the inappropriate use of Section 50C in determining the addition of long term capital gain. The decision emphasized adherence to statutory provisions and ensuring exemptions are granted in accordance with the specific provisions of the Income Tax Act. en-us Mon, 18 Nov 2019 00:00:00 +0530 Thu, 26 Dec 2019 06:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390217 The Tribunal allowed the appeal of the assessee, highlighting the correct application of Section 54F for calculating exemptions related to long term capital gains and rejecting the inappropriate use of Section 50C in determining the addition of long term capital gain. The decision emphasized adherence to statutory provisions and ensuring exemptions are granted in accordance with the specific provisions of the Income Tax Act. Case-Laws Income Tax Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390217