https://www.taxtmi.com/caselaws?id=432226 The delay in filing the appeal for Assessment Year 2013-14 was condoned due to pursuing alternative remedies, with the appeal admitted for adjudication on merits. The taxability of long-term capital gains from a property under a Joint Development Agreement was upheld, with deductions allowed, resulting in taxable long-term capital gains. The assessee was granted deduction u/s 54 for deemed investment in the proposed flat, following a High Court decision allowing deductions for more than one property, leading to a partial allowance of the appeal. en-us Wed, 02 Nov 2022 00:00:00 +0530 Sat, 31 Dec 2022 08:44:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432226 The delay in filing the appeal for Assessment Year 2013-14 was condoned due to pursuing alternative remedies, with the appeal admitted for adjudication on merits. The taxability of long-term capital gains from a property under a Joint Development Agreement was upheld, with deductions allowed, resulting in taxable long-term capital gains. The assessee was granted deduction u/s 54 for deemed investment in the proposed flat, following a High Court decision allowing deductions for more than one property, leading to a partial allowance of the appeal. Case-Laws Income Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432226