https://www.taxtmi.com/article/detailed?id=1615 The tribunal treated the purchase of land with sale proceeds as the operative investment toward constructing a residential house and, because a court injunction objectively prevented construction within the statutory period, held that the amount spent on land qualified as investment for claiming capital gains exemption, applying the doctrine that law does not compel impossibilities. en-us Sun, 04 Mar 2012 22:46:22 +0530 Sun, 04 Mar 2012 22:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1615 The tribunal treated the purchase of land with sale proceeds as the operative investment toward constructing a residential house and, because a court injunction objectively prevented construction within the statutory period, held that the amount spent on land qualified as investment for claiming capital gains exemption, applying the doctrine that law does not compel impossibilities. Articles Income Tax Sun, 04 Mar 2012 22:46:22 +0530 https://www.taxtmi.com/article/detailed?id=1615