https://www.taxtmi.com/caselaws?id=400448 The Tribunal allowed the appeals for statistical purposes, directing the Ld. AO to verify and compute the share received by all legal heirs for capital gains assessment in a property sale. Additionally, the Tribunal remanded the issue of deduction under Section 54F for reevaluation, clarifying that investments made jointly with siblings and in agricultural land could not qualify for exemption. The assessee was instructed to provide evidence supporting the investment in the new residential property. en-us Mon, 21 Sep 2020 00:00:00 +0530 Sat, 07 Nov 2020 09:45:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400448 The Tribunal allowed the appeals for statistical purposes, directing the Ld. AO to verify and compute the share received by all legal heirs for capital gains assessment in a property sale. Additionally, the Tribunal remanded the issue of deduction under Section 54F for reevaluation, clarifying that investments made jointly with siblings and in agricultural land could not qualify for exemption. The assessee was instructed to provide evidence supporting the investment in the new residential property. Case-Laws Income Tax Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400448