https://www.taxtmi.com/caselaws?id=440222 The Tribunal ruled that the transfer of property to the daughter-in-law was a gift, not a sale, and therefore not subject to capital gains tax. As a result, the issues regarding the sale consideration under Section 50C and the deduction under Section 54F were not addressed separately and deemed infructuous. The appeal was partly allowed in favor of the assessee. en-us Wed, 14 Jun 2023 00:00:00 +0530 Thu, 13 Jul 2023 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440222 The Tribunal ruled that the transfer of property to the daughter-in-law was a gift, not a sale, and therefore not subject to capital gains tax. As a result, the issues regarding the sale consideration under Section 50C and the deduction under Section 54F were not addressed separately and deemed infructuous. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440222