https://www.taxtmi.com/caselaws?id=401418 The Appellate Tribunal condoned a 9-day delay in the revenue's appeal filing, admitting the appeal. The Commissioner of Income Tax (Appeals) allowed deductions under sections 54EC and 54F after reassessment, which the Tribunal upheld. The Tribunal determined that the transfer of tenancy rights constituted a transfer of a capital asset, resulting in taxable capital gains under the head "Capital Gains." Legal precedents supported these conclusions, affirming the decisions on deductions and tax treatment made by the Commissioner of Income Tax (Appeals). en-us Wed, 25 Nov 2020 00:00:00 +0530 Mon, 18 Jan 2021 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401418 The Appellate Tribunal condoned a 9-day delay in the revenue's appeal filing, admitting the appeal. The Commissioner of Income Tax (Appeals) allowed deductions under sections 54EC and 54F after reassessment, which the Tribunal upheld. The Tribunal determined that the transfer of tenancy rights constituted a transfer of a capital asset, resulting in taxable capital gains under the head "Capital Gains." Legal precedents supported these conclusions, affirming the decisions on deductions and tax treatment made by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401418