https://www.taxtmi.com/caselaws?id=239498 The ITAT allowed the appellant's appeal, overturning the decisions of the lower authorities. It held that the appellant is entitled to claim deduction under section 54F for utilizing the sale consideration for investment in a new residential property within the due date stipulated under section 139 of the Income Tax Act. The ITAT emphasized the importance of considering the extended period under section 139(4) for claiming exemption under section 54F. en-us Wed, 06 Nov 2013 00:00:00 +0530 Fri, 15 Nov 2013 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239498 The ITAT allowed the appellant's appeal, overturning the decisions of the lower authorities. It held that the appellant is entitled to claim deduction under section 54F for utilizing the sale consideration for investment in a new residential property within the due date stipulated under section 139 of the Income Tax Act. The ITAT emphasized the importance of considering the extended period under section 139(4) for claiming exemption under section 54F. Case-Laws Income Tax Wed, 06 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239498