https://www.taxtmi.com/caselaws?id=220184 The Tribunal upheld the CIT(A)'s decision to grant exemption under section 54F of the Income Tax Act. It ruled that utilizing the sale proceeds before the extended due date under section 139(4) was sufficient for claiming exemption, even if not within the initial due date under section 139(1). The Tribunal relied on legal precedents and interpretations to support this decision, dismissing the revenue's appeal. en-us Fri, 19 Oct 2012 00:00:00 +0530 Fri, 11 Jan 2013 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220184 The Tribunal upheld the CIT(A)'s decision to grant exemption under section 54F of the Income Tax Act. It ruled that utilizing the sale proceeds before the extended due date under section 139(4) was sufficient for claiming exemption, even if not within the initial due date under section 139(1). The Tribunal relied on legal precedents and interpretations to support this decision, dismissing the revenue's appeal. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220184