https://www.taxtmi.com/caselaws?id=433332 The Appellate Tribunal dismissed the appeal filed by the assessee, upholding the decisions of the lower authorities. The sale of land was treated as a short term capital gain due to the holding period being less than 36 months. The deduction under section 54F was denied as the capital gain was treated as short term. The claim of possession based on a Banakhat was rejected as the document was non-registered. The appeal was disposed of ex-parte due to the assessee's continuous absence, emphasizing the importance of giving parties an opportunity to present their case. en-us Wed, 18 Jan 2023 00:00:00 +0530 Fri, 27 Jan 2023 08:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433332 The Appellate Tribunal dismissed the appeal filed by the assessee, upholding the decisions of the lower authorities. The sale of land was treated as a short term capital gain due to the holding period being less than 36 months. The deduction under section 54F was denied as the capital gain was treated as short term. The claim of possession based on a Banakhat was rejected as the document was non-registered. The appeal was disposed of ex-parte due to the assessee's continuous absence, emphasizing the importance of giving parties an opportunity to present their case. Case-Laws Income Tax Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433332