https://www.taxtmi.com/caselaws?id=337478 The Tribunal allowed the assessee's appeal, directing the AO to grant a deduction under Section 54F for the investment in the Magadi Road property. The judgment highlighted the need for sufficient evidence to support deductions under Sections 54 and 54F and clarified the definition of a "residential house" for tax purposes. en-us Fri, 09 Dec 2016 00:00:00 +0530 Fri, 06 Jan 2017 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337478 The Tribunal allowed the assessee's appeal, directing the AO to grant a deduction under Section 54F for the investment in the Magadi Road property. The judgment highlighted the need for sufficient evidence to support deductions under Sections 54 and 54F and clarified the definition of a "residential house" for tax purposes. Case-Laws Income Tax Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337478