https://www.taxtmi.com/caselaws?id=439753 The appeal was filed against the denial of deduction under Section 54F of the Income Tax Act for the Assessment Year 2016-17. The appellant acquired a residential unit and subsequently sold it to her daughter. Due to unclear title, a rectification deed was executed, and the property was sold to a third party. The Tribunal accepted the appellant's argument that the rectification deed related back to the original allotment, entitling her to long term capital gain. The appeal was partly allowed, granting relief to the appellant by directing the calculation of capital gain for the land not conveyed to the daughter. en-us Wed, 28 Jun 2023 00:00:00 +0530 Sat, 01 Jul 2023 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439753 The appeal was filed against the denial of deduction under Section 54F of the Income Tax Act for the Assessment Year 2016-17. The appellant acquired a residential unit and subsequently sold it to her daughter. Due to unclear title, a rectification deed was executed, and the property was sold to a third party. The Tribunal accepted the appellant's argument that the rectification deed related back to the original allotment, entitling her to long term capital gain. The appeal was partly allowed, granting relief to the appellant by directing the calculation of capital gain for the land not conveyed to the daughter. Case-Laws Income Tax Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439753