https://www.taxtmi.com/caselaws?id=395250 The Tribunal allowed the appeal, directing the CIT(A) to re-examine the deduction under section 54 and to allow the full compensation paid to M/s Shikhar Travels (India) Pvt. Ltd. as a deduction for computing long-term capital gain. The decision stressed the importance of assessing the reasonableness of compensation and correctly classifying the property for tax deduction purposes. en-us Tue, 18 Feb 2020 00:00:00 +0530 Wed, 13 May 2020 11:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395250 The Tribunal allowed the appeal, directing the CIT(A) to re-examine the deduction under section 54 and to allow the full compensation paid to M/s Shikhar Travels (India) Pvt. Ltd. as a deduction for computing long-term capital gain. The decision stressed the importance of assessing the reasonableness of compensation and correctly classifying the property for tax deduction purposes. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395250