https://www.taxtmi.com/caselaws?id=396869 The Tribunal directed a de novo assessment by the Assessing Officer for the assessee's claim of exemption under Section 54 of the Income Tax Act, deduction of Rs. 21 lakh retained by the buyer due to a house tax dispute, and cost of construction of the flat claimed against short-term capital gain. The Tribunal emphasized reevaluation of the documentary evidence and consideration of relevant CBDT circulars and judicial precedents. The appeal was allowed for statistical purposes, with the order pronounced on 21st July 2020. en-us Tue, 21 Jul 2020 00:00:00 +0530 Thu, 23 Jul 2020 13:21:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396869 The Tribunal directed a de novo assessment by the Assessing Officer for the assessee's claim of exemption under Section 54 of the Income Tax Act, deduction of Rs. 21 lakh retained by the buyer due to a house tax dispute, and cost of construction of the flat claimed against short-term capital gain. The Tribunal emphasized reevaluation of the documentary evidence and consideration of relevant CBDT circulars and judicial precedents. The appeal was allowed for statistical purposes, with the order pronounced on 21st July 2020. Case-Laws Income Tax Tue, 21 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396869