https://www.taxtmi.com/caselaws?id=211113 HC held that the assessee, having invested capital gains in a residential property within twelve months and having substantial construction completed within three years, was entitled to deduction under Section 54F despite the building not being fully constructed within the statutory period. The Court endorsed the Tribunal's view that incomplete formalities do not disentitle an assessee who has demonstrably invested sale proceeds in residential construction. Decision rendered against the Revenue; benefit of Section 54F affirmed. en-us Wed, 15 Feb 2012 00:00:00 +0530 Mon, 13 Oct 2025 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211113 HC held that the assessee, having invested capital gains in a residential property within twelve months and having substantial construction completed within three years, was entitled to deduction under Section 54F despite the building not being fully constructed within the statutory period. The Court endorsed the Tribunal's view that incomplete formalities do not disentitle an assessee who has demonstrably invested sale proceeds in residential construction. Decision rendered against the Revenue; benefit of Section 54F affirmed. Case-Laws Income Tax Wed, 15 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211113