https://www.taxtmi.com/caselaws?id=347196 The Tribunal partly allowed the appeal, upholding the denial of exemption under Section 54F of the Income Tax Act due to the new property being purchased in the wife's name with a loan not traceable to sale proceeds. The issue of additional investment and cash consideration received was remanded to the Assessing Officer for further review, emphasizing the requirement for evidence of loan repayment and use of sale proceeds for the new property investment. en-us Fri, 25 Aug 2017 00:00:00 +0530 Wed, 30 Aug 2017 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347196 The Tribunal partly allowed the appeal, upholding the denial of exemption under Section 54F of the Income Tax Act due to the new property being purchased in the wife's name with a loan not traceable to sale proceeds. The issue of additional investment and cash consideration received was remanded to the Assessing Officer for further review, emphasizing the requirement for evidence of loan repayment and use of sale proceeds for the new property investment. Case-Laws Income Tax Fri, 25 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347196