https://www.taxtmi.com/caselaws?id=394979 The Tribunal ruled in favor of the assessee regarding the clubbing of exempt long-term capital gain income of minor children, directing the Assessing Officer to allow the exemption for the capital gains invested on behalf of the minors in the Capital Gain Account Scheme. However, the issue of disallowance of exemption under Section 54F for the assessee was sent back to the AO for reconsideration due to lack of clarity in previous orders. The Tribunal stressed the importance of providing a clear opportunity for the assessee to present their case. en-us Tue, 25 Feb 2020 00:00:00 +0530 Fri, 01 May 2020 12:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394979 The Tribunal ruled in favor of the assessee regarding the clubbing of exempt long-term capital gain income of minor children, directing the Assessing Officer to allow the exemption for the capital gains invested on behalf of the minors in the Capital Gain Account Scheme. However, the issue of disallowance of exemption under Section 54F for the assessee was sent back to the AO for reconsideration due to lack of clarity in previous orders. The Tribunal stressed the importance of providing a clear opportunity for the assessee to present their case. Case-Laws Income Tax Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394979