https://www.taxtmi.com/caselaws?id=290324 The Appellate Tribunal ITAT Chennai ruled in favor of the Assessee, quashing the re-opening of the assessment under section 147, confirming that the property sold was agricultural land not subject to capital gains tax, and allowing the deduction under section 54F for the residential portion of the property. en-us Thu, 13 Dec 2018 00:00:00 +0530 Sat, 19 Sep 2020 16:42:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290324 The Appellate Tribunal ITAT Chennai ruled in favor of the Assessee, quashing the re-opening of the assessment under section 147, confirming that the property sold was agricultural land not subject to capital gains tax, and allowing the deduction under section 54F for the residential portion of the property. Case-Laws Income Tax Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290324