https://www.taxtmi.com/caselaws?id=752853 ITAT Hyderabad ruled on LTCG deduction u/s 54F and capital gains computation. The assessee's appeal was partially allowed for statistical purposes. The tribunal upheld AO's valuation based on registered JDA worth Rs. 1,80,99,000/- for computing capital gains, following SC precedent in Balbir Singh Maini that registered JDA date determines transfer date. However, regarding s. 54F deduction claim not made in original return, tribunal remanded matter to AO for fresh examination, distinguishing tribunal's broader powers u/s 254 from AO's limitations, despite CIT(A)'s rejection citing Goetze India Limited precedent. en-us Tue, 02 Jan 2024 00:00:00 +0530 Sat, 18 May 2024 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752853 ITAT Hyderabad ruled on LTCG deduction u/s 54F and capital gains computation. The assessee's appeal was partially allowed for statistical purposes. The tribunal upheld AO's valuation based on registered JDA worth Rs. 1,80,99,000/- for computing capital gains, following SC precedent in Balbir Singh Maini that registered JDA date determines transfer date. However, regarding s. 54F deduction claim not made in original return, tribunal remanded matter to AO for fresh examination, distinguishing tribunal's broader powers u/s 254 from AO's limitations, despite CIT(A)'s rejection citing Goetze India Limited precedent. Case-Laws Income Tax Tue, 02 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752853