https://www.taxtmi.com/caselaws?id=337244 The Tribunal allowed the appeal, granting the deduction of Rs. 29,62,200/- under Section 54 of the Income Tax Act, 1961. The Tribunal held that the construction of the new house was completed within the statutory three-year period from the date of transfer of the old house, making the assessee eligible for the deduction. The lower authorities' orders were set aside, and the appeal of the assessee was allowed. en-us Tue, 03 Jan 2017 00:00:00 +0530 Thu, 05 Jan 2017 09:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337244 The Tribunal allowed the appeal, granting the deduction of Rs. 29,62,200/- under Section 54 of the Income Tax Act, 1961. The Tribunal held that the construction of the new house was completed within the statutory three-year period from the date of transfer of the old house, making the assessee eligible for the deduction. The lower authorities' orders were set aside, and the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 03 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337244