https://www.taxtmi.com/caselaws?id=260598 The Tribunal upheld the disallowance of the deduction claimed under section 54F due to lack of evidence of utilizing sale proceeds for house construction. The issue regarding the non-consideration of an amount of Rs. 4,32,720 as part of the cost of acquisition was remitted back to the Assessing Officer for reevaluation based on additional evidence submitted by the assessee. The appeal was partly allowed for statistical purposes. en-us Fri, 05 Jun 2015 00:00:00 +0530 Thu, 18 Jun 2015 06:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260598 The Tribunal upheld the disallowance of the deduction claimed under section 54F due to lack of evidence of utilizing sale proceeds for house construction. The issue regarding the non-consideration of an amount of Rs. 4,32,720 as part of the cost of acquisition was remitted back to the Assessing Officer for reevaluation based on additional evidence submitted by the assessee. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260598