https://www.taxtmi.com/caselaws?id=393732 The appeal involved disputes regarding sec. 54F deduction claim, cost of improvement claim, disallowed settlement amount, and interest computation issue. The tribunal allowed the sec. 54F deduction claim of &8377; 60,94,982/- based on relevant circulars and precedents, directing the Assessing Officer to allow the deduction. The claim for improvement cost was not pressed and affirmed. The disallowance under sec. 43CA was deleted as the settlement predated the relevant provision. The interest computation issue was referred back to the Assessing Officer following a high court decision. The appeal was partly allowed on 2nd March 2020. en-us Mon, 02 Mar 2020 00:00:00 +0530 Sat, 21 Mar 2020 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393732 The appeal involved disputes regarding sec. 54F deduction claim, cost of improvement claim, disallowed settlement amount, and interest computation issue. The tribunal allowed the sec. 54F deduction claim of &8377; 60,94,982/- based on relevant circulars and precedents, directing the Assessing Officer to allow the deduction. The claim for improvement cost was not pressed and affirmed. The disallowance under sec. 43CA was deleted as the settlement predated the relevant provision. The interest computation issue was referred back to the Assessing Officer following a high court decision. The appeal was partly allowed on 2nd March 2020. Case-Laws Income Tax Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393732