https://www.taxtmi.com/caselaws?id=211741 The appellant's appeal was allowed as the Tribunal held that the appellant's investment in land should be considered an investment in constructing a residential house, despite the inability to complete construction within the stipulated period. The assessing authority was directed to grant the exemption under section 54F, recognizing the appellant's genuine efforts to comply with statutory provisions despite legal challenges. The judgment favored the appellant, acknowledging her bona fide intent and actions in utilizing the sale proceeds for land purchase, exceeding the capital gains, to claim the exemption successfully. en-us Thu, 12 Jan 2012 00:00:00 +0530 Thu, 01 Sep 2016 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211741 The appellant's appeal was allowed as the Tribunal held that the appellant's investment in land should be considered an investment in constructing a residential house, despite the inability to complete construction within the stipulated period. The assessing authority was directed to grant the exemption under section 54F, recognizing the appellant's genuine efforts to comply with statutory provisions despite legal challenges. The judgment favored the appellant, acknowledging her bona fide intent and actions in utilizing the sale proceeds for land purchase, exceeding the capital gains, to claim the exemption successfully. Case-Laws Income Tax Thu, 12 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211741