https://www.taxtmi.com/caselaws?id=394387 The Tribunal dismissed the revenue's appeal, confirming the capital gain as Long-Term Capital Gain (LTCG) and allowing the deduction under Section 54 based on the date of the sale agreement. The Tribunal upheld the CIT (A)'s decisions on both issues, emphasizing that the right to obtain the flats was acquired long before the sale and that the acquisition of the new asset fell within the permissible period. en-us Wed, 29 Jan 2020 00:00:00 +0530 Fri, 10 Apr 2020 13:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394387 The Tribunal dismissed the revenue's appeal, confirming the capital gain as Long-Term Capital Gain (LTCG) and allowing the deduction under Section 54 based on the date of the sale agreement. The Tribunal upheld the CIT (A)'s decisions on both issues, emphasizing that the right to obtain the flats was acquired long before the sale and that the acquisition of the new asset fell within the permissible period. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394387