https://www.taxtmi.com/caselaws?id=392289 The court upheld the reopening of assessment under the Income Tax Act, 1961, but directed that the deduction allowed under Section 54 for Long-Term Capital Gains should not be disturbed. The respondent was instructed to pass an appropriate order within thirty days, maintaining the petitioner's claim for Long-Term Capital Gains. en-us Tue, 11 Feb 2020 00:00:00 +0530 Mon, 31 Aug 2020 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392289 The court upheld the reopening of assessment under the Income Tax Act, 1961, but directed that the deduction allowed under Section 54 for Long-Term Capital Gains should not be disturbed. The respondent was instructed to pass an appropriate order within thirty days, maintaining the petitioner's claim for Long-Term Capital Gains. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392289