https://www.taxtmi.com/caselaws?id=240203 The High Court dismissed the Revenue's appeal, affirming lower authorities' decisions on denying Section 54F benefit and deleting the Section 68 addition under the Income Tax Act. The Court upheld that the construction was completed within the required period, supporting the conclusion of new construction post-demolition. It was found that the factual findings aligned with the Act's construction requirements. The Court deferred the question of whether renovation or extension falls under "construction" in Section 54F for future consideration. en-us Fri, 22 Nov 2013 00:00:00 +0530 Fri, 31 Jan 2014 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240203 The High Court dismissed the Revenue's appeal, affirming lower authorities' decisions on denying Section 54F benefit and deleting the Section 68 addition under the Income Tax Act. The Court upheld that the construction was completed within the required period, supporting the conclusion of new construction post-demolition. It was found that the factual findings aligned with the Act's construction requirements. The Court deferred the question of whether renovation or extension falls under "construction" in Section 54F for future consideration. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240203