https://www.taxtmi.com/caselaws?id=398895 The Tribunal partially allowed the appeal, holding that the appellant was entitled to exemption under section 54F for capital gains arising from the transfer of land for construction of flats. The Tribunal emphasized the importance of aligning tax laws with relevant judicial decisions and clarified that the amendment restricting deduction to one residential unit did not apply to the assessment year in question. en-us Thu, 24 Sep 2020 00:00:00 +0530 Sat, 26 Sep 2020 13:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398895 The Tribunal partially allowed the appeal, holding that the appellant was entitled to exemption under section 54F for capital gains arising from the transfer of land for construction of flats. The Tribunal emphasized the importance of aligning tax laws with relevant judicial decisions and clarified that the amendment restricting deduction to one residential unit did not apply to the assessment year in question. Case-Laws Income Tax Thu, 24 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398895