https://www.taxtmi.com/highlights?id=66298 LTCG computation - Exemption u/s 54F - Since entire amount of sale consideration has been invested in bands, therefore, provisions of s. 50C are not applicable - the AO has not brought evidence of receiving excess amount. The AO proceeded only on the basis of the value adopted by the Stamp Valuation Authorities. Thus as per the findings given by the Hon’ble Courts no addition is liable to be made. - AT en-us Tue, 01 Nov 2022 13:31:03 +0530 Tue, 01 Nov 2022 13:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66298 LTCG computation - Exemption u/s 54F - Since entire amount of sale consideration has been invested in bands, therefore, provisions of s. 50C are not applicable - the AO has not brought evidence of receiving excess amount. The AO proceeded only on the basis of the value adopted by the Stamp Valuation Authorities. Thus as per the findings given by the Hon’ble Courts no addition is liable to be made. - AT Highlights Income Tax Tue, 01 Nov 2022 13:31:03 +0530 https://www.taxtmi.com/highlights?id=66298