https://www.taxtmi.com/caselaws?id=260749 The Tribunal upheld the CIT(Appeals) decision, allowing the assessee's claim for deduction under Section 54F of the Income Tax Act, 1961. The Tribunal confirmed that the assessee's investment in constructing a residential house within the specified period qualifies for the deduction under Section 54F. Additionally, the Tribunal directed the CIT(Appeals) to address the issue of interest on borrowed funds as part of the cost of acquisition for computing Long Term Capital Gain, emphasizing that other matters were conclusively settled. en-us Thu, 11 Jun 2015 00:00:00 +0530 Mon, 22 Jun 2015 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260749 The Tribunal upheld the CIT(Appeals) decision, allowing the assessee's claim for deduction under Section 54F of the Income Tax Act, 1961. The Tribunal confirmed that the assessee's investment in constructing a residential house within the specified period qualifies for the deduction under Section 54F. Additionally, the Tribunal directed the CIT(Appeals) to address the issue of interest on borrowed funds as part of the cost of acquisition for computing Long Term Capital Gain, emphasizing that other matters were conclusively settled. Case-Laws Income Tax Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260749