https://www.taxtmi.com/caselaws?id=183019 The Tribunal allowed the appellant's appeal, holding that the failure to deposit unutilized capital gains in a specified account was a technical default and should not disqualify the appellant from exemption under Section 54 of the Income-tax Act, 1961. Emphasizing the appellant's intention and actual investment in a residential house within the required period, the Tribunal ruled in favor of the appellant, directing that the entire capital gains be exempt under Section 54. en-us Tue, 24 Jan 2012 00:00:00 +0530 Mon, 14 Aug 2017 19:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183019 The Tribunal allowed the appellant's appeal, holding that the failure to deposit unutilized capital gains in a specified account was a technical default and should not disqualify the appellant from exemption under Section 54 of the Income-tax Act, 1961. Emphasizing the appellant's intention and actual investment in a residential house within the required period, the Tribunal ruled in favor of the appellant, directing that the entire capital gains be exempt under Section 54. Case-Laws Income Tax Tue, 24 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183019