https://www.taxtmi.com/caselaws?id=357963 The appellant's claim for exemption under Section 54F of the Income Tax Act was initially denied by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) due to failure to meet the conditions of the section. However, upon review, it was found that the construction of the new residential house was completed within the required time frame, satisfying the exemption criteria. The Hon'ble Punjab and Haryana High Court supported the appellant's eligibility for the exemption, leading to the allowance of the appeal and the setting aside of the lower authorities' orders. en-us Thu, 04 Jan 2018 00:00:00 +0530 Tue, 03 Apr 2018 06:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357963 The appellant's claim for exemption under Section 54F of the Income Tax Act was initially denied by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) due to failure to meet the conditions of the section. However, upon review, it was found that the construction of the new residential house was completed within the required time frame, satisfying the exemption criteria. The Hon'ble Punjab and Haryana High Court supported the appellant's eligibility for the exemption, leading to the allowance of the appeal and the setting aside of the lower authorities' orders. Case-Laws Income Tax Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357963