https://www.taxtmi.com/caselaws?id=255089 The Tribunal directed the Assessing Officer to verify the municipal tax receipt and allow the deduction under section 54F of the Income Tax Act for the investment in constructing a house property. The addition of short-term capital gain was upheld, and other grounds raised by the assessee were dismissed as infructuous. The Tribunal found that the assessee had provided necessary details and evidence during the hearing, challenging the Assessing Officer's rejection based on presumptions without physical verification of the construction. en-us Wed, 05 Feb 2014 00:00:00 +0530 Wed, 07 Jan 2015 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255089 The Tribunal directed the Assessing Officer to verify the municipal tax receipt and allow the deduction under section 54F of the Income Tax Act for the investment in constructing a house property. The addition of short-term capital gain was upheld, and other grounds raised by the assessee were dismissed as infructuous. The Tribunal found that the assessee had provided necessary details and evidence during the hearing, challenging the Assessing Officer's rejection based on presumptions without physical verification of the construction. Case-Laws Income Tax Wed, 05 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255089