https://www.taxtmi.com/caselaws?id=215087 The Tribunal directed the AO to allow the capital gains exemption under Section 54 after verifying the construction of the new residential house within the prescribed time limit. The appeal of the Revenue was partly allowed, confirming the eligibility of the assessee's claim for deduction under Section 54 for the capital gains from both flats. en-us Fri, 22 Jun 2012 00:00:00 +0530 Wed, 01 Jul 2026 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215087 The Tribunal directed the AO to allow the capital gains exemption under Section 54 after verifying the construction of the new residential house within the prescribed time limit. The appeal of the Revenue was partly allowed, confirming the eligibility of the assessee's claim for deduction under Section 54 for the capital gains from both flats. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215087