https://www.taxtmi.com/caselaws?id=402812 The Tribunal ruled in favor of the appellant, overturning the decision to treat long term capital gain as short term capital gain. The appellant successfully demonstrated that the property was held for over thirty-six months, qualifying for long term capital gain treatment. The Tribunal also directed a reexamination of the deduction under section 54F by the Assessing Officer, providing partial relief to the appellant and allowing the appeal in part. en-us Thu, 31 Dec 2020 00:00:00 +0530 Wed, 13 Jan 2021 11:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402812 The Tribunal ruled in favor of the appellant, overturning the decision to treat long term capital gain as short term capital gain. The appellant successfully demonstrated that the property was held for over thirty-six months, qualifying for long term capital gain treatment. The Tribunal also directed a reexamination of the deduction under section 54F by the Assessing Officer, providing partial relief to the appellant and allowing the appeal in part. Case-Laws Income Tax Thu, 31 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402812