https://www.taxtmi.com/caselaws?id=327651 The Tribunal allowed the appeal, overturning the CIT(A)'s order and permitting the deduction of Rs. 14,26,705/- under Section 54 of the Income Tax Act, 1961. The expenses incurred were deemed necessary for making the new property habitable, aligning with legal precedents and the beneficial nature of Section 54 aimed at promoting residential housing investment. en-us Wed, 30 Mar 2016 00:00:00 +0530 Thu, 12 May 2016 23:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327651 The Tribunal allowed the appeal, overturning the CIT(A)'s order and permitting the deduction of Rs. 14,26,705/- under Section 54 of the Income Tax Act, 1961. The expenses incurred were deemed necessary for making the new property habitable, aligning with legal precedents and the beneficial nature of Section 54 aimed at promoting residential housing investment. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327651