https://www.taxtmi.com/caselaws?id=9660 The Tribunal ruled in favor of the assessee, allowing the benefit under section 54 for reinvestment of capital gains in another property. Despite the property being purchased through four sale instances, it was considered a single residential unit used continuously by the assessee and family. The Tribunal criticized the previous decision that treated the purchase as separate properties and emphasized the property's eligibility for deduction under section 54. The appeal was dismissed as no substantial legal question arose, affirming the assessee's entitlement to the deduction based on factual findings. en-us Wed, 16 Nov 2005 00:00:00 +0530 Sun, 28 Jun 2009 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9660 The Tribunal ruled in favor of the assessee, allowing the benefit under section 54 for reinvestment of capital gains in another property. Despite the property being purchased through four sale instances, it was considered a single residential unit used continuously by the assessee and family. The Tribunal criticized the previous decision that treated the purchase as separate properties and emphasized the property's eligibility for deduction under section 54. The appeal was dismissed as no substantial legal question arose, affirming the assessee's entitlement to the deduction based on factual findings. Case-Laws Income Tax Wed, 16 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9660