https://www.taxtmi.com/caselaws?id=266119 The tribunal allowed the appeal of the assessee, granting the benefit of deduction under section 54F of the Income Tax Act. The tribunal considered the substantial rights acquired by the assessee in the flat for residential purposes, emphasizing the need for a liberal interpretation of the provision. Observing the control and rights similar to ownership held by the assessee over the property, the tribunal concluded that she was entitled to the exemption from capital gains tax. en-us Wed, 26 Nov 2014 00:00:00 +0530 Sat, 17 Oct 2015 23:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266119 The tribunal allowed the appeal of the assessee, granting the benefit of deduction under section 54F of the Income Tax Act. The tribunal considered the substantial rights acquired by the assessee in the flat for residential purposes, emphasizing the need for a liberal interpretation of the provision. Observing the control and rights similar to ownership held by the assessee over the property, the tribunal concluded that she was entitled to the exemption from capital gains tax. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266119