https://www.taxtmi.com/caselaws?id=330486 The Tribunal remanded the denial of deduction u/s 54EC for further examination due to discrepancies in the dates of asset transfer, allowing the assessee to invest in two financial years within six months. Regarding the denial of deduction u/s 54F for a residential house under construction not acquired within two years, the Tribunal found the investment to be bonafide and compliant with tax laws, directing the deletion of the addition made by lower authorities. The appeal was partly allowed in favor of the assessee, addressing both issues effectively. en-us Wed, 15 Jun 2016 00:00:00 +0530 Fri, 22 Jul 2016 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330486 The Tribunal remanded the denial of deduction u/s 54EC for further examination due to discrepancies in the dates of asset transfer, allowing the assessee to invest in two financial years within six months. Regarding the denial of deduction u/s 54F for a residential house under construction not acquired within two years, the Tribunal found the investment to be bonafide and compliant with tax laws, directing the deletion of the addition made by lower authorities. The appeal was partly allowed in favor of the assessee, addressing both issues effectively. Case-Laws Income Tax Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330486