https://www.taxtmi.com/caselaws?id=55709 The Tribunal upheld the CIT(A)'s order, directing the Assessing Officer to rectify the intimation and accept the figures of capital gain as declared by the assessees. The issue regarding the computation of capital gains, deduction under section 48(2), and the applicability of exemptions under sections 54E and 54F was deemed debatable and should be decided on merit in regular assessment proceedings under section 143(3). The Revenue's appeals were dismissed. en-us Fri, 23 Jul 1999 00:00:00 +0530 Mon, 29 Nov 2010 15:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55709 The Tribunal upheld the CIT(A)'s order, directing the Assessing Officer to rectify the intimation and accept the figures of capital gain as declared by the assessees. The issue regarding the computation of capital gains, deduction under section 48(2), and the applicability of exemptions under sections 54E and 54F was deemed debatable and should be decided on merit in regular assessment proceedings under section 143(3). The Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 23 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55709