https://www.taxtmi.com/caselaws?id=117838 The Tribunal upheld the Commissioner of Income-tax (Appeals)' decision, dismissing the appeal regarding exemption under section 54F for the assessment year 1994-95. The Tribunal emphasized the lack of evidence supporting the construction of a new residential building in 1994, as required by the Income-tax Act. The judgment stressed the importance of meeting statutory requirements and providing substantial proof to substantiate claims under the Act. en-us Tue, 19 Oct 2004 00:00:00 +0530 Tue, 26 Jun 2012 17:28:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117838 The Tribunal upheld the Commissioner of Income-tax (Appeals)' decision, dismissing the appeal regarding exemption under section 54F for the assessment year 1994-95. The Tribunal emphasized the lack of evidence supporting the construction of a new residential building in 1994, as required by the Income-tax Act. The judgment stressed the importance of meeting statutory requirements and providing substantial proof to substantiate claims under the Act. Case-Laws Income Tax Tue, 19 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117838