https://www.taxtmi.com/caselaws?id=352791 The Tribunal allowed the assessee's appeal, directing the AO to grant the deduction under section 54 of the Act as claimed. The decision emphasized compliance with section 54 requirements, considering the nature of the acquisition as construction, not purchase, and completion of construction within the specified timeframe. en-us Mon, 18 Dec 2017 00:00:00 +0530 Wed, 11 Mar 2026 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352791 The Tribunal allowed the assessee's appeal, directing the AO to grant the deduction under section 54 of the Act as claimed. The decision emphasized compliance with section 54 requirements, considering the nature of the acquisition as construction, not purchase, and completion of construction within the specified timeframe. Case-Laws Income Tax Mon, 18 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352791