https://www.taxtmi.com/caselaws?id=397950 The Tribunal upheld the assessment of Capital Gains in A.Y. 2012-13 for the transfer of assets, rejecting the assessee's claim for assessment in A.Y. 2013-14. Additionally, the denial of exemption under Section 54F was affirmed due to the assessee's failure to comply with the prescribed timelines for new asset acquisition. The judgment emphasizes the necessity of adhering to statutory requirements for claiming exemptions related to Capital Gains on asset transfers. en-us Mon, 31 Aug 2020 00:00:00 +0530 Wed, 02 Sep 2020 13:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397950 The Tribunal upheld the assessment of Capital Gains in A.Y. 2012-13 for the transfer of assets, rejecting the assessee's claim for assessment in A.Y. 2013-14. Additionally, the denial of exemption under Section 54F was affirmed due to the assessee's failure to comply with the prescribed timelines for new asset acquisition. The judgment emphasizes the necessity of adhering to statutory requirements for claiming exemptions related to Capital Gains on asset transfers. Case-Laws Income Tax Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397950