https://www.taxtmi.com/caselaws?id=70664 The Tribunal allowed the appeal, holding that the assessee was entitled to exemption under section 54F of the IT Act for investing capital gains in a new residential house. The denial of exemption was overturned as the property in question was owned by the HUF until a court decision in July 1998, making the assessee eligible for the exemption. The Tribunal set aside the lower authorities' orders and allowed the appeal in favor of the assessee. en-us Fri, 16 Dec 2005 00:00:00 +0530 Fri, 27 Jul 2012 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70664 The Tribunal allowed the appeal, holding that the assessee was entitled to exemption under section 54F of the IT Act for investing capital gains in a new residential house. The denial of exemption was overturned as the property in question was owned by the HUF until a court decision in July 1998, making the assessee eligible for the exemption. The Tribunal set aside the lower authorities' orders and allowed the appeal in favor of the assessee. Case-Laws Income Tax Fri, 16 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70664