https://www.taxtmi.com/caselaws?id=348535 The Tribunal ruled in favor of the appellant, overturning the decisions of the lower authorities. It held that the appellant had fulfilled the conditions for exemption under section 54 of the Income Tax Act. The unutilized amount deposited in the capital gain account was to be taxed according to the relevant provisions. The Tribunal's decision was supported by a detailed analysis of the facts and arguments presented by both parties, emphasizing the appellant's compliance with the necessary requirements for exemption. en-us Fri, 22 Sep 2017 00:00:00 +0530 Sat, 23 Sep 2017 10:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348535 The Tribunal ruled in favor of the appellant, overturning the decisions of the lower authorities. It held that the appellant had fulfilled the conditions for exemption under section 54 of the Income Tax Act. The unutilized amount deposited in the capital gain account was to be taxed according to the relevant provisions. The Tribunal's decision was supported by a detailed analysis of the facts and arguments presented by both parties, emphasizing the appellant's compliance with the necessary requirements for exemption. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348535