https://www.taxtmi.com/caselaws?id=269875 The High Court affirmed the Tribunal's decision, granting the assessee benefit under Section 54F of the Income Tax Act, 1961. The Court held that the interpretation was correct, allowing the assessee to claim the benefit as the construction expenditure exceeded the land sale proceeds. The Court also ruled that the issue of double benefit should be considered separately from Section 54F eligibility, dismissing the revenue's appeal and upholding the Tribunal's decision. en-us Tue, 25 Nov 2014 00:00:00 +0530 Wed, 23 Dec 2015 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269875 The High Court affirmed the Tribunal's decision, granting the assessee benefit under Section 54F of the Income Tax Act, 1961. The Court held that the interpretation was correct, allowing the assessee to claim the benefit as the construction expenditure exceeded the land sale proceeds. The Court also ruled that the issue of double benefit should be considered separately from Section 54F eligibility, dismissing the revenue's appeal and upholding the Tribunal's decision. Case-Laws Income Tax Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269875