https://www.taxtmi.com/caselaws?id=248655 The Tribunal upheld the decision of the Ld CIT(A) in favor of the assessee, allowing exemption under section 54 of the Income Tax Act, 1961. The disallowance made by the Assessing Officer was overturned, emphasizing that payments made before the specified period should not disqualify the assessee from claiming the exemption. The judgment highlighted the importance of meeting the conditions of section 54 to provide relief on the sale of a residential house, ultimately ruling in favor of the appellant. en-us Fri, 28 Sep 2012 00:00:00 +0530 Thu, 19 Jun 2014 19:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248655 The Tribunal upheld the decision of the Ld CIT(A) in favor of the assessee, allowing exemption under section 54 of the Income Tax Act, 1961. The disallowance made by the Assessing Officer was overturned, emphasizing that payments made before the specified period should not disqualify the assessee from claiming the exemption. The judgment highlighted the importance of meeting the conditions of section 54 to provide relief on the sale of a residential house, ultimately ruling in favor of the appellant. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248655