https://www.taxtmi.com/caselaws?id=339826 The Tribunal upheld the CIT(A)'s decision, rejecting the assessee's claims. The Tribunal ruled that the release of land by HUF members for construction cannot be included in the exemption under Section 54F. Additionally, the Tribunal agreed that the assessee failed to prove the investment in house construction. The Tribunal also upheld the CIT(A)'s decision on the indexed cost of acquisition and dismissed the appeal on interest levy under Sections 234A, 234B, and 234C, deeming it mandatory and consequential. en-us Wed, 01 Feb 2017 00:00:00 +0530 Wed, 08 Mar 2017 06:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339826 The Tribunal upheld the CIT(A)'s decision, rejecting the assessee's claims. The Tribunal ruled that the release of land by HUF members for construction cannot be included in the exemption under Section 54F. Additionally, the Tribunal agreed that the assessee failed to prove the investment in house construction. The Tribunal also upheld the CIT(A)'s decision on the indexed cost of acquisition and dismissed the appeal on interest levy under Sections 234A, 234B, and 234C, deeming it mandatory and consequential. Case-Laws Income Tax Wed, 01 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339826