https://www.taxtmi.com/caselaws?id=769448 The SC examined a tax dispute involving capital gains exemption under Section 54 of the Income Tax Act. The court found the Assessing Officer's complete disregard of construction costs based on a valuer's report without documentary proof prima facie unsustainable. The SC directed the Assessee to file an appeal within four weeks, staying demand recovery and instructing the appellate authority to consider all evidence on merits. en-us Tue, 01 Apr 2025 00:00:00 +0530 Fri, 25 Apr 2025 08:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769448 The SC examined a tax dispute involving capital gains exemption under Section 54 of the Income Tax Act. The court found the Assessing Officer's complete disregard of construction costs based on a valuer's report without documentary proof prima facie unsustainable. The SC directed the Assessee to file an appeal within four weeks, staying demand recovery and instructing the appellate authority to consider all evidence on merits. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769448