https://www.taxtmi.com/caselaws?id=400005 The ITAT directed the AO to verify and allow the assessee's claim regarding recoveries made by the buyer from the long-term capital gain. The Revenue's Miscellaneous Application seeking rectification of the order was dismissed by the ITAT, which upheld its decision and also rejected similar applications in other cases with identical issues. The Gujarat High Court upheld the ITAT's decision, confirming no error in directing the AO to allow the claim after verification. en-us Tue, 20 Oct 2020 00:00:00 +0530 Sat, 24 Oct 2020 19:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400005 The ITAT directed the AO to verify and allow the assessee's claim regarding recoveries made by the buyer from the long-term capital gain. The Revenue's Miscellaneous Application seeking rectification of the order was dismissed by the ITAT, which upheld its decision and also rejected similar applications in other cases with identical issues. The Gujarat High Court upheld the ITAT's decision, confirming no error in directing the AO to allow the claim after verification. Case-Laws Income Tax Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400005