https://www.taxtmi.com/caselaws?id=331213 The Appellate Tribunal ITAT Hyderabad ruled in favor of the appellant, allowing the deduction under section 54 of the Income Tax Act for long term capital gains. The Tribunal considered legal interpretations and precedents, concluding that the investment in property construction within the specified period was sufficient to claim the exemption, even if the construction was not fully completed on time. The factual dispute regarding construction completion was not decisive, as the focus was on the legal eligibility for the deduction based on timely investment. en-us Fri, 17 Jun 2016 00:00:00 +0530 Wed, 17 Aug 2016 09:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331213 The Appellate Tribunal ITAT Hyderabad ruled in favor of the appellant, allowing the deduction under section 54 of the Income Tax Act for long term capital gains. The Tribunal considered legal interpretations and precedents, concluding that the investment in property construction within the specified period was sufficient to claim the exemption, even if the construction was not fully completed on time. The factual dispute regarding construction completion was not decisive, as the focus was on the legal eligibility for the deduction based on timely investment. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331213