https://www.taxtmi.com/caselaws?id=431456 The Tribunal allowed the assessee's appeal, directing the AO to treat the profit from the sale of land as Long Term Capital Gains due to the property being held for over 36 months. The Tribunal also instructed the AO to grant the deduction under Section 54F, as the entire sale proceeds were reinvested in a new residential property, despite construction delays. en-us Fri, 28 Oct 2022 00:00:00 +0530 Wed, 14 Dec 2022 09:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431456 The Tribunal allowed the assessee's appeal, directing the AO to treat the profit from the sale of land as Long Term Capital Gains due to the property being held for over 36 months. The Tribunal also instructed the AO to grant the deduction under Section 54F, as the entire sale proceeds were reinvested in a new residential property, despite construction delays. Case-Laws Income Tax Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431456