https://www.taxtmi.com/caselaws?id=392205 The Tribunal allowed the appeal, canceling the CIT's order under Section 263. The Tribunal found the sale of shares at face value was by mutual understanding and consent, with no illegality. Following precedent, the Tribunal ruled in favor of the assessee, entitling them to the deduction under Section 54F. The order was pronounced on 31-12-2019. en-us Tue, 31 Dec 2019 00:00:00 +0530 Sat, 15 Feb 2020 13:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392205 The Tribunal allowed the appeal, canceling the CIT's order under Section 263. The Tribunal found the sale of shares at face value was by mutual understanding and consent, with no illegality. Following precedent, the Tribunal ruled in favor of the assessee, entitling them to the deduction under Section 54F. The order was pronounced on 31-12-2019. Case-Laws Income Tax Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392205