https://www.taxtmi.com/caselaws?id=352515 The tribunal allowed the appeal of the assessee, directing the AO to allow the deduction under Section 54F of the Income-tax Act, 1961, for the capital gain earned on the sale of the Indirapuram plot. The decision was based on the aggregate cost of the plot and construction being more than the sale consideration and the construction of a residential unit within the stipulated period. The tribunal's decision effectively resolved the issues related to the taxability of capital gains and the charging of interest under Sections 234A & 234B. en-us Fri, 05 May 2017 00:00:00 +0530 Sat, 16 Dec 2017 10:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352515 The tribunal allowed the appeal of the assessee, directing the AO to allow the deduction under Section 54F of the Income-tax Act, 1961, for the capital gain earned on the sale of the Indirapuram plot. The decision was based on the aggregate cost of the plot and construction being more than the sale consideration and the construction of a residential unit within the stipulated period. The tribunal's decision effectively resolved the issues related to the taxability of capital gains and the charging of interest under Sections 234A & 234B. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352515