https://www.taxtmi.com/caselaws?id=332439 The High Court dismissed the appeal regarding the delay in re-filing, deduction under Section 54F of the Income Tax Act, and exemption of investment in a residential house by the company. The court condoned the delay in re-filing the appeal based on reasons presented, upheld the finding that the delay in deposit transfer was due to the bank's processing, and clarified that the investment in the residential house was made by the company, not the individual assessee. The appeal was dismissed on all grounds with detailed reasoning provided in the judgment. en-us Wed, 24 Aug 2016 00:00:00 +0530 Sat, 17 Sep 2016 11:36:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332439 The High Court dismissed the appeal regarding the delay in re-filing, deduction under Section 54F of the Income Tax Act, and exemption of investment in a residential house by the company. The court condoned the delay in re-filing the appeal based on reasons presented, upheld the finding that the delay in deposit transfer was due to the bank's processing, and clarified that the investment in the residential house was made by the company, not the individual assessee. The appeal was dismissed on all grounds with detailed reasoning provided in the judgment. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332439