https://www.taxtmi.com/caselaws?id=427931 The Tribunal allowed the appeals, directing the AO to recompute capital gains by applying the amended proviso to Section 50C. It emphasized fair interpretation to avoid absurd results, aligning with legislative intent. The Tribunal also instructed reconsideration of evidence for cost of improvement and Section 54F claim. en-us Fri, 16 Sep 2022 00:00:00 +0530 Tue, 20 Sep 2022 08:19:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427931 The Tribunal allowed the appeals, directing the AO to recompute capital gains by applying the amended proviso to Section 50C. It emphasized fair interpretation to avoid absurd results, aligning with legislative intent. The Tribunal also instructed reconsideration of evidence for cost of improvement and Section 54F claim. Case-Laws Income Tax Fri, 16 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427931