https://www.taxtmi.com/caselaws?id=63729 The appellate tribunal dismissed the appeal by the assessee, holding that the capital gain was taxable as the conditions for exemption under section 54 of the Income Tax Act were not met. The tribunal found that the construction of the new house within the specified period was incomplete, and the evidence provided did not sufficiently demonstrate habitability. Consequently, the exemption was denied, and the lower authorities' decisions were upheld. en-us Mon, 10 Apr 1989 00:00:00 +0530 Tue, 01 Feb 2011 15:35:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63729 The appellate tribunal dismissed the appeal by the assessee, holding that the capital gain was taxable as the conditions for exemption under section 54 of the Income Tax Act were not met. The tribunal found that the construction of the new house within the specified period was incomplete, and the evidence provided did not sufficiently demonstrate habitability. Consequently, the exemption was denied, and the lower authorities' decisions were upheld. Case-Laws Income Tax Mon, 10 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63729