https://www.taxtmi.com/caselaws?id=427136 The Tribunal allowed the appeal, granting exemption of long-term capital gain under section 54F of the Income Tax Act, amounting to Rs. 1,08,69,338. The Tribunal held that the assessee complied with the conditions by depositing the amount in the capital gain account scheme before the due date, and the delay in registering the new property was beyond the assessee's control. The denial of exemption was deemed a technical default, and the AO was directed to allow the claim. en-us Wed, 31 Aug 2022 00:00:00 +0530 Fri, 02 Sep 2022 07:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427136 The Tribunal allowed the appeal, granting exemption of long-term capital gain under section 54F of the Income Tax Act, amounting to Rs. 1,08,69,338. The Tribunal held that the assessee complied with the conditions by depositing the amount in the capital gain account scheme before the due date, and the delay in registering the new property was beyond the assessee's control. The denial of exemption was deemed a technical default, and the AO was directed to allow the claim. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427136