https://www.taxtmi.com/caselaws?id=119996 The Tribunal held that the assessee qualified for exemption under section 54F of the Income-tax Act as the purchase of a residential flat within the specified time frame met the requirements, regardless of immediate occupancy. The Tribunal criticized the Assessing Officer's incomplete inquiry and lack of cross-examination, emphasizing the insufficiency of evidence to deny the exemption. Despite discrepancies in the certificate from the Society Secretary, the Tribunal found in favor of the assessee, directing the assessing authority to grant the benefit of section 54F and allowing the assessee's appeal. en-us Wed, 30 Aug 2006 00:00:00 +0530 Mon, 16 Jul 2012 11:08:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119996 The Tribunal held that the assessee qualified for exemption under section 54F of the Income-tax Act as the purchase of a residential flat within the specified time frame met the requirements, regardless of immediate occupancy. The Tribunal criticized the Assessing Officer's incomplete inquiry and lack of cross-examination, emphasizing the insufficiency of evidence to deny the exemption. Despite discrepancies in the certificate from the Society Secretary, the Tribunal found in favor of the assessee, directing the assessing authority to grant the benefit of section 54F and allowing the assessee's appeal. Case-Laws Income Tax Wed, 30 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119996