https://www.taxtmi.com/caselaws?id=118645 The tribunal dismissed the appeal, ruling that the benefit under section 54F of the Income-tax Act, 1961, is not applicable for a residential house purchased or constructed outside India. The tribunal also remanded the issue concerning the tax rate on interest income under the Double Tax Avoidance Agreement with the USA back to the CIT(A) for further adjudication. en-us Thu, 10 Nov 2005 00:00:00 +0530 Fri, 05 Apr 2024 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118645 The tribunal dismissed the appeal, ruling that the benefit under section 54F of the Income-tax Act, 1961, is not applicable for a residential house purchased or constructed outside India. The tribunal also remanded the issue concerning the tax rate on interest income under the Double Tax Avoidance Agreement with the USA back to the CIT(A) for further adjudication. Case-Laws Income Tax Thu, 10 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118645