https://www.taxtmi.com/caselaws?id=346785 The Tribunal partially allowed the appeal, determining that the assessee was eligible for the deduction under Section 54 for the assessment year 2012-13 as the conditions were met at the time of purchase. The Tribunal emphasized that subsequent events, such as entering into a development agreement and demolition, were not relevant to the assessment year in question, and the Assessing Officer could not deny the exemption based on events occurring after the relevant assessment year. en-us Wed, 26 Jul 2017 00:00:00 +0530 Thu, 22 Mar 2018 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346785 The Tribunal partially allowed the appeal, determining that the assessee was eligible for the deduction under Section 54 for the assessment year 2012-13 as the conditions were met at the time of purchase. The Tribunal emphasized that subsequent events, such as entering into a development agreement and demolition, were not relevant to the assessment year in question, and the Assessing Officer could not deny the exemption based on events occurring after the relevant assessment year. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346785