https://www.taxtmi.com/caselaws?id=242225 The court affirmed that the respondent-assessee was entitled to the benefit under Section 54F of the Income Tax Act. It held that the commencement date of construction was immaterial as long as the construction was completed within the specified period. The court emphasized a liberal interpretation of Section 54F to benefit the assessee, citing consistency in judicial decisions and the need for stability in legal interpretations. The Revenue's appeal was dismissed, upholding the assessee's entitlement to the exemption on capital gains. en-us Wed, 18 Dec 2013 00:00:00 +0530 Fri, 10 Jan 2014 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242225 The court affirmed that the respondent-assessee was entitled to the benefit under Section 54F of the Income Tax Act. It held that the commencement date of construction was immaterial as long as the construction was completed within the specified period. The court emphasized a liberal interpretation of Section 54F to benefit the assessee, citing consistency in judicial decisions and the need for stability in legal interpretations. The Revenue's appeal was dismissed, upholding the assessee's entitlement to the exemption on capital gains. Case-Laws Income Tax Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242225