https://www.taxtmi.com/caselaws?id=177938 The tribunal allowed the assessee's appeal, ruling that the assessee is entitled to exemption under Section 54F for the entire amount of Rs. 121,32,636. The investment in the new house exceeded the capital gains earned, and there is no requirement in Section 54F for the sale proceeds to be directly used for the purchase. The addition of Rs. 121,32,636 to the total income as long-term capital gain was deleted, and the stay application was dismissed as infructuous. en-us Tue, 16 Jul 2013 00:00:00 +0530 Wed, 01 Mar 2017 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177938 The tribunal allowed the assessee's appeal, ruling that the assessee is entitled to exemption under Section 54F for the entire amount of Rs. 121,32,636. The investment in the new house exceeded the capital gains earned, and there is no requirement in Section 54F for the sale proceeds to be directly used for the purchase. The addition of Rs. 121,32,636 to the total income as long-term capital gain was deleted, and the stay application was dismissed as infructuous. Case-Laws Income Tax Tue, 16 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177938