https://www.taxtmi.com/caselaws?id=416034 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's claim under Section 54F for multiple residential flats received as consideration. The Tribunal dismissed the Revenue's appeals, citing judicial precedents and the legislative intent behind the Finance Act 2014 amendment to Section 54F. The AO was directed to verify the allotment of flats and recalculate the capital gain, affording the assessee a chance to support their claim. en-us Wed, 24 Nov 2021 00:00:00 +0530 Sat, 18 Dec 2021 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416034 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's claim under Section 54F for multiple residential flats received as consideration. The Tribunal dismissed the Revenue's appeals, citing judicial precedents and the legislative intent behind the Finance Act 2014 amendment to Section 54F. The AO was directed to verify the allotment of flats and recalculate the capital gain, affording the assessee a chance to support their claim. Case-Laws Income Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416034