https://www.taxtmi.com/caselaws?id=425179 The Tribunal allowed the appeal, ruling that the entire capital gain should be exempt under Section 54F as the net consideration was fully reinvested in a new property. The disallowance of Rs. 9,933,057 under the head capital gain was deleted, emphasizing that Section 50C should not influence Section 54F deductions. The judgment highlighted that the net consideration should be based on actual sale proceeds, not deemed values. The appeal was allowed, and the decision was rendered on 12.07.2022. en-us Tue, 12 Jul 2022 00:00:00 +0530 Mon, 18 Jul 2022 09:15:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425179 The Tribunal allowed the appeal, ruling that the entire capital gain should be exempt under Section 54F as the net consideration was fully reinvested in a new property. The disallowance of Rs. 9,933,057 under the head capital gain was deleted, emphasizing that Section 50C should not influence Section 54F deductions. The judgment highlighted that the net consideration should be based on actual sale proceeds, not deemed values. The appeal was allowed, and the decision was rendered on 12.07.2022. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425179