https://www.taxtmi.com/caselaws?id=429601 The court determined that Bangalore was classified as an urban area for Section 54G purposes, allowing the appellant to claim exemption against long-term capital gains. Relying on the Apex Court's decision in a similar case, the court held that the notification declaring Bangalore as urban remained valid post the omission of Section 280-ZA. Consequently, the appellant was granted the benefit under Section 54G, with the appeal allowed in favor of the assessee without costs awarded. en-us Fri, 14 Oct 2022 00:00:00 +0530 Tue, 01 Nov 2022 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429601 The court determined that Bangalore was classified as an urban area for Section 54G purposes, allowing the appellant to claim exemption against long-term capital gains. Relying on the Apex Court's decision in a similar case, the court held that the notification declaring Bangalore as urban remained valid post the omission of Section 280-ZA. Consequently, the appellant was granted the benefit under Section 54G, with the appeal allowed in favor of the assessee without costs awarded. Case-Laws Income Tax Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429601