https://www.taxtmi.com/caselaws?id=182964 The Tribunal upheld the CIT(A)'s decision to grant exemption under section 54F to the assesses who had jointly invested in a flat with a private company. The Tribunal found that the scheme under which the flats were allotted was similar to DDA's scheme and that the CIT(A) correctly applied CBDT Circulars in interpreting the provisions. The Tribunal determined that possession before the prescribed period was not mandatory as per the Circulars, leading to the dismissal of the Department's appeals. en-us Fri, 03 Dec 2010 00:00:00 +0530 Wed, 25 May 2016 10:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182964 The Tribunal upheld the CIT(A)'s decision to grant exemption under section 54F to the assesses who had jointly invested in a flat with a private company. The Tribunal found that the scheme under which the flats were allotted was similar to DDA's scheme and that the CIT(A) correctly applied CBDT Circulars in interpreting the provisions. The Tribunal determined that possession before the prescribed period was not mandatory as per the Circulars, leading to the dismissal of the Department's appeals. Case-Laws Income Tax Fri, 03 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182964