https://www.taxtmi.com/caselaws?id=357021 The Tribunal allowed the assessee's appeal, remitting the issue back to the Assessing Officer to verify the investment made for constructing a new residential house within the stipulated period under Section 54F(1) of the Income Tax Act. The Tribunal held that completion of construction within three years rendered the failure to deposit unutilized sale consideration in a Capital Gains Accounts Scheme immaterial for claiming exemption under Section 54F. Verification of construction completion and investment amount was required for final confirmation. en-us Tue, 09 Jan 2018 00:00:00 +0530 Mon, 06 Apr 2026 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357021 The Tribunal allowed the assessee's appeal, remitting the issue back to the Assessing Officer to verify the investment made for constructing a new residential house within the stipulated period under Section 54F(1) of the Income Tax Act. The Tribunal held that completion of construction within three years rendered the failure to deposit unutilized sale consideration in a Capital Gains Accounts Scheme immaterial for claiming exemption under Section 54F. Verification of construction completion and investment amount was required for final confirmation. Case-Laws Income Tax Tue, 09 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357021