https://www.taxtmi.com/caselaws?id=325883 The tribunal ruled in favor of the assessees, allowing the capital gains exemption under section 54 of the Income Tax Act for the assessment year 2005-06. The assessees successfully argued that they were eligible for the exemption based on the purchase of a second property within the specified timeframe. The delay in filing the appeal before the Ld. CIT(A) was condoned, and the tribunal primarily focused on the substantive matter of capital gains exemption under section 54, rather than delving into the applicability of Section 54F. en-us Fri, 19 Feb 2016 00:00:00 +0530 Thu, 31 Mar 2016 10:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325883 The tribunal ruled in favor of the assessees, allowing the capital gains exemption under section 54 of the Income Tax Act for the assessment year 2005-06. The assessees successfully argued that they were eligible for the exemption based on the purchase of a second property within the specified timeframe. The delay in filing the appeal before the Ld. CIT(A) was condoned, and the tribunal primarily focused on the substantive matter of capital gains exemption under section 54, rather than delving into the applicability of Section 54F. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325883