https://www.taxtmi.com/caselaws?id=434015 The High Court set aside the assessment order under the Income Tax Act, 1961 concerning the treatment of Long Term Capital Gains (LTCG) from the sale of shares, where the petitioner was denied a deduction under Section 54F. Discrepancies in treatment compared to another shareholder and failure to communicate non-response from relevant entities led to the Court directing a fresh assessment order with the petitioner given a fair hearing. The petitioner retains the right to pursue legal remedies following due process. en-us Wed, 25 Jan 2023 00:00:00 +0530 Wed, 15 Feb 2023 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434015 The High Court set aside the assessment order under the Income Tax Act, 1961 concerning the treatment of Long Term Capital Gains (LTCG) from the sale of shares, where the petitioner was denied a deduction under Section 54F. Discrepancies in treatment compared to another shareholder and failure to communicate non-response from relevant entities led to the Court directing a fresh assessment order with the petitioner given a fair hearing. The petitioner retains the right to pursue legal remedies following due process. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434015