https://www.taxtmi.com/caselaws?id=258521 The Tribunal allowed the assessee's appeal regarding exemption under Section 54F of the Income Tax Act for investments in two residential houses, overturning the CIT(A)'s decision. The deduction under Section 80C was remanded for verification, with instructions to allow if supported by evidence. The Tribunal addressed the interest issue under Sections 234A and 234B, ordering recalculations based on the final taxable income assessment. The department's appeal was dismissed, and the AO was directed to verify the Section 80C deduction while granting the Section 54F exemption for both residential house investments. en-us Mon, 30 Mar 2015 00:00:00 +0530 Tue, 18 Aug 2015 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258521 The Tribunal allowed the assessee's appeal regarding exemption under Section 54F of the Income Tax Act for investments in two residential houses, overturning the CIT(A)'s decision. The deduction under Section 80C was remanded for verification, with instructions to allow if supported by evidence. The Tribunal addressed the interest issue under Sections 234A and 234B, ordering recalculations based on the final taxable income assessment. The department's appeal was dismissed, and the AO was directed to verify the Section 80C deduction while granting the Section 54F exemption for both residential house investments. Case-Laws Income Tax Mon, 30 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258521