https://www.taxtmi.com/caselaws?id=70469 The Tribunal upheld the Appellate Authority Commissioner's decision, ruling that there is no legal requirement for three years of continuous residence to qualify for relief under section 54 of the Income-tax Act, 1961. The Tribunal found that the Income Tax Officer's interpretation of the eligibility criteria was incorrect and that the provision does not mandate a specific period of residence in the newly constructed house for the relief on profit from the sale of property used for residence. en-us Sat, 17 Apr 1982 00:00:00 +0530 Sat, 16 Apr 2011 13:12:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70469 The Tribunal upheld the Appellate Authority Commissioner's decision, ruling that there is no legal requirement for three years of continuous residence to qualify for relief under section 54 of the Income-tax Act, 1961. The Tribunal found that the Income Tax Officer's interpretation of the eligibility criteria was incorrect and that the provision does not mandate a specific period of residence in the newly constructed house for the relief on profit from the sale of property used for residence. Case-Laws Income Tax Sat, 17 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70469