https://www.taxtmi.com/caselaws?id=343303 The tribunal allowed the appeal and granted the exemption under Section 54 of the Income Tax Act, 1961, to the appellant, reversing the decision of the lower authorities. The tribunal found that the appellant had demonstrated the intention to invest the capital gains in a residential house and had satisfied the conditions laid down by Section 54, despite the construction of the new property not being completed within the stipulated three-year period. en-us Thu, 11 May 2017 00:00:00 +0530 Fri, 15 Dec 2017 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343303 The tribunal allowed the appeal and granted the exemption under Section 54 of the Income Tax Act, 1961, to the appellant, reversing the decision of the lower authorities. The tribunal found that the appellant had demonstrated the intention to invest the capital gains in a residential house and had satisfied the conditions laid down by Section 54, despite the construction of the new property not being completed within the stipulated three-year period. Case-Laws Income Tax Thu, 11 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343303