https://www.taxtmi.com/caselaws?id=425958 The Tribunal upheld the Assessing Officer's decision to assess capital gains in the year of Joint Development Agreement (JDA) execution. The computation considered the entire property value, leading to Long Term Capital Gains (LTCG). The Tribunal rejected the assessee's request to bifurcate land and building values. An additional ground for deduction under section 54F was dismissed for requiring factual verification. The appeal was dismissed, affirming the CIT (A)'s order. en-us Fri, 29 Jul 2022 00:00:00 +0530 Thu, 04 Aug 2022 08:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425958 The Tribunal upheld the Assessing Officer's decision to assess capital gains in the year of Joint Development Agreement (JDA) execution. The computation considered the entire property value, leading to Long Term Capital Gains (LTCG). The Tribunal rejected the assessee's request to bifurcate land and building values. An additional ground for deduction under section 54F was dismissed for requiring factual verification. The appeal was dismissed, affirming the CIT (A)'s order. Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425958