https://www.taxtmi.com/caselaws?id=327893 The Appellate Tribunal ITAT Hyderabad dismissed the appeal by the Revenue and the cross-objection by the assessee, holding that the assessee was entitled to exemption under section 54F based on the actual investment in the new residential house. The Tribunal emphasized the importance of the actual investment in the new asset for claiming the exemption and distinguished previous decisions cited by the Revenue. The judgment was pronounced on 13.05.2016, affirming the order of CIT(A) and supporting the assessee's position in line with relevant case laws and legal provisions. en-us Fri, 13 May 2016 00:00:00 +0530 Sat, 21 May 2016 12:42:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327893 The Appellate Tribunal ITAT Hyderabad dismissed the appeal by the Revenue and the cross-objection by the assessee, holding that the assessee was entitled to exemption under section 54F based on the actual investment in the new residential house. The Tribunal emphasized the importance of the actual investment in the new asset for claiming the exemption and distinguished previous decisions cited by the Revenue. The judgment was pronounced on 13.05.2016, affirming the order of CIT(A) and supporting the assessee's position in line with relevant case laws and legal provisions. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327893