https://www.taxtmi.com/caselaws?id=64291 The Tribunal held that the assessee did not qualify for deduction under Section 54 as the construction of the new house was completed before the sale of the old house, thereby disallowing the deduction. Additionally, the Tribunal upheld the Assessing Officer's decision to disallow the brokerage expenditure of Rs. 1,20,000, as the assessee failed to prove the genuineness of the payments. Consequently, the appeal of the Revenue was allowed. en-us Wed, 31 Dec 2003 00:00:00 +0530 Sat, 05 Feb 2011 18:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64291 The Tribunal held that the assessee did not qualify for deduction under Section 54 as the construction of the new house was completed before the sale of the old house, thereby disallowing the deduction. Additionally, the Tribunal upheld the Assessing Officer's decision to disallow the brokerage expenditure of Rs. 1,20,000, as the assessee failed to prove the genuineness of the payments. Consequently, the appeal of the Revenue was allowed. Case-Laws Income Tax Wed, 31 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64291