https://www.taxtmi.com/caselaws?id=419613 The Tribunal allowed the assessee's appeal, upholding the exemption allowed by the Assessing Officer in the original assessment order under section 143(3). It was held that the Assessing Officer could not withdraw the exemption under section 154 without any apparent mistake on record. The delay in property registration was deemed insignificant, and the exemption claimed under section 54 for long-term capital gains was upheld. en-us Thu, 03 Mar 2022 00:00:00 +0530 Wed, 16 Mar 2022 10:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419613 The Tribunal allowed the assessee's appeal, upholding the exemption allowed by the Assessing Officer in the original assessment order under section 143(3). It was held that the Assessing Officer could not withdraw the exemption under section 154 without any apparent mistake on record. The delay in property registration was deemed insignificant, and the exemption claimed under section 54 for long-term capital gains was upheld. Case-Laws Income Tax Thu, 03 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419613