https://www.taxtmi.com/caselaws?id=262295 The Tribunal ruled in favor of the assessee, allowing the claim of exemption under Section 54 for investments made in residential houses situated outside India for the assessment year 2010-2011. The Tribunal emphasized that the legislative intent did not restrict the exemption to properties within India. The matter was remanded back to the AO for further verification of compliance with all conditions and the actual acquisition of the house property outside India. en-us Wed, 06 May 2015 00:00:00 +0530 Fri, 07 Aug 2015 06:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262295 The Tribunal ruled in favor of the assessee, allowing the claim of exemption under Section 54 for investments made in residential houses situated outside India for the assessment year 2010-2011. The Tribunal emphasized that the legislative intent did not restrict the exemption to properties within India. The matter was remanded back to the AO for further verification of compliance with all conditions and the actual acquisition of the house property outside India. Case-Laws Income Tax Wed, 06 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262295