https://www.taxtmi.com/caselaws?id=400452 The Tribunal ruled in favor of the assessee by granting exemption u/s. 54, eliminating long-term capital gain for taxation. Consequently, issues of guideline value u/s. 50C and indexation benefit were initially deemed irrelevant. However, upon review, the Tribunal allowed indexation from 1980-81, based on prior ownership, aligning with legal precedents. en-us Mon, 26 Oct 2020 00:00:00 +0530 Tue, 05 Nov 2024 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400452 The Tribunal ruled in favor of the assessee by granting exemption u/s. 54, eliminating long-term capital gain for taxation. Consequently, issues of guideline value u/s. 50C and indexation benefit were initially deemed irrelevant. However, upon review, the Tribunal allowed indexation from 1980-81, based on prior ownership, aligning with legal precedents. Case-Laws Income Tax Mon, 26 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400452