https://www.taxtmi.com/caselaws?id=329940 The Tribunal allowed the appeal, ruling in favor of the assessee regarding the disallowance of the deduction under section 54F of the Income Tax Act. Despite the property being incomplete and facing challenges in registration due to disputes with the builder, the Tribunal recognized the assessee's intent to fulfill the statutory conditions by investing in an under-construction flat. The Tribunal deemed the denial of deduction based solely on the property's incomplete status as unjust, ultimately granting the assessee the entitlement to the deduction under section 54F. en-us Fri, 08 Jul 2016 00:00:00 +0530 Wed, 13 Jul 2016 13:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329940 The Tribunal allowed the appeal, ruling in favor of the assessee regarding the disallowance of the deduction under section 54F of the Income Tax Act. Despite the property being incomplete and facing challenges in registration due to disputes with the builder, the Tribunal recognized the assessee's intent to fulfill the statutory conditions by investing in an under-construction flat. The Tribunal deemed the denial of deduction based solely on the property's incomplete status as unjust, ultimately granting the assessee the entitlement to the deduction under section 54F. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329940