https://www.taxtmi.com/caselaws?id=66037 The Tribunal held that the assessee was entitled to exemption under section 54(1) of the Income-tax Act, 1961. The continuous use of the property was not deemed a prerequisite, and the substantial payment and possession of the new property within the stipulated period satisfied the exemption criteria. The appeal was allowed in favor of the assessee. en-us Mon, 16 Jan 1989 00:00:00 +0530 Mon, 21 Feb 2011 10:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66037 The Tribunal held that the assessee was entitled to exemption under section 54(1) of the Income-tax Act, 1961. The continuous use of the property was not deemed a prerequisite, and the substantial payment and possession of the new property within the stipulated period satisfied the exemption criteria. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Mon, 16 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66037