https://www.taxtmi.com/caselaws?id=394314 The Tribunal allowed the appeal filed by the assessee against the order of the CIT(A)-IV, Kanpur, regarding the taxation of long term capital gain and misdirection in calculating the long term capital gain exemption under Section 54F(1)(a) of the Act. The Tribunal emphasized the importance of adhering to the specific provisions of the Income Tax Act and ensuring that exemptions are calculated within the framework of the relevant sections without imposing additional legal fictions. en-us Mon, 02 Mar 2020 00:00:00 +0530 Wed, 08 Apr 2020 17:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394314 The Tribunal allowed the appeal filed by the assessee against the order of the CIT(A)-IV, Kanpur, regarding the taxation of long term capital gain and misdirection in calculating the long term capital gain exemption under Section 54F(1)(a) of the Act. The Tribunal emphasized the importance of adhering to the specific provisions of the Income Tax Act and ensuring that exemptions are calculated within the framework of the relevant sections without imposing additional legal fictions. Case-Laws Income Tax Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394314