https://www.taxtmi.com/caselaws?id=269771 The High Court affirmed the Tribunal's decision in the case, holding that the assessee was entitled to the benefit under Section 54F of the Income Tax Act without mandating the exclusive utilization of the sale consideration from the original asset for the new asset. The court found no legal basis to interfere with the Tribunal's interpretation and application of the law, emphasizing that the investment made within the specified period exceeded the capital gain earned, aligning with established judicial precedents on the matter. en-us Wed, 04 Nov 2015 00:00:00 +0530 Mon, 02 May 2016 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269771 The High Court affirmed the Tribunal's decision in the case, holding that the assessee was entitled to the benefit under Section 54F of the Income Tax Act without mandating the exclusive utilization of the sale consideration from the original asset for the new asset. The court found no legal basis to interfere with the Tribunal's interpretation and application of the law, emphasizing that the investment made within the specified period exceeded the capital gain earned, aligning with established judicial precedents on the matter. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269771