https://www.taxtmi.com/caselaws?id=185406 The High Court upheld the Tribunal's decision to allow the deduction under section 54F of the Income Tax Act, emphasizing that the section does not require the property to be purchased solely from the consideration received from the transferred asset. The Court confirmed that the appellant met all conditions for exemption eligibility and dismissed the Revenue's appeal, stating that no significant legal issues were raised for consideration. en-us Mon, 12 Apr 2010 00:00:00 +0530 Thu, 11 Aug 2016 17:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185406 The High Court upheld the Tribunal's decision to allow the deduction under section 54F of the Income Tax Act, emphasizing that the section does not require the property to be purchased solely from the consideration received from the transferred asset. The Court confirmed that the appellant met all conditions for exemption eligibility and dismissed the Revenue's appeal, stating that no significant legal issues were raised for consideration. Case-Laws Income Tax Mon, 12 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185406