https://www.taxtmi.com/caselaws?id=190174 The case involved a dispute over the assessee's claim for exemption under section 54F of the Income-tax Act for not commencing construction within the specified period. The Tribunal upheld the Assessing Officer's decision to disallow the exemption, emphasizing the importance of completing construction within the stipulated time frame. The Tribunal distinguished this case from previous judgments where substantial construction had been undertaken within the required period, ultimately leading to the denial of the exemption in this instance. The appeals filed by the Revenue were allowed, overturning the CIT(A)'s direction to grant the exemption. en-us Fri, 08 Apr 2011 00:00:00 +0530 Wed, 08 Feb 2017 13:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190174 The case involved a dispute over the assessee's claim for exemption under section 54F of the Income-tax Act for not commencing construction within the specified period. The Tribunal upheld the Assessing Officer's decision to disallow the exemption, emphasizing the importance of completing construction within the stipulated time frame. The Tribunal distinguished this case from previous judgments where substantial construction had been undertaken within the required period, ultimately leading to the denial of the exemption in this instance. The appeals filed by the Revenue were allowed, overturning the CIT(A)'s direction to grant the exemption. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190174