https://www.taxtmi.com/caselaws?id=426951 The Appellate Tribunal ITAT Pune allowed the appeal of the assessee, granting exemption under section 54F of the Income-tax Act, 1961. The judgment emphasized the independent nature of section 54F in granting exemption for capital gains on the transfer of certain capital assets, distinct from the deeming provisions of sections 22 to 26 of the Act. The decision was based on the appellant satisfying the conditions provided under section 54F, leading to the setting aside of the order of the ld. CIT(A) and allowing the appeal of the assessee. en-us Fri, 26 Aug 2022 00:00:00 +0530 Mon, 29 Aug 2022 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426951 The Appellate Tribunal ITAT Pune allowed the appeal of the assessee, granting exemption under section 54F of the Income-tax Act, 1961. The judgment emphasized the independent nature of section 54F in granting exemption for capital gains on the transfer of certain capital assets, distinct from the deeming provisions of sections 22 to 26 of the Act. The decision was based on the appellant satisfying the conditions provided under section 54F, leading to the setting aside of the order of the ld. CIT(A) and allowing the appeal of the assessee. Case-Laws Income Tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426951