https://www.taxtmi.com/caselaws?id=252944 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to grant exemption under Section 54 of the Income Tax Act. The Tribunal agreed with the CIT(A) that the delay in obtaining the occupancy certificate was beyond the assessee's control and emphasized that substantial investment within the stipulated period was sufficient for the exemption. Judicial precedents supporting this interpretation were considered in favor of the assessee. en-us Fri, 08 Aug 2014 00:00:00 +0530 Sat, 08 Nov 2014 06:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252944 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to grant exemption under Section 54 of the Income Tax Act. The Tribunal agreed with the CIT(A) that the delay in obtaining the occupancy certificate was beyond the assessee's control and emphasized that substantial investment within the stipulated period was sufficient for the exemption. Judicial precedents supporting this interpretation were considered in favor of the assessee. Case-Laws Income Tax Fri, 08 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252944