https://www.taxtmi.com/caselaws?id=358214 The Appellate Tribunal allowed the appellant's appeal, overturning the decision of the Commissioner of Income Tax (Appeals) to restrict the addition towards capital gains. The Tribunal held that the appellant was entitled to claim exemption under section 54 of the Act as the conditions were satisfied, emphasizing that availing a house building loan for purchasing a new residential unit did not disqualify the appellant. The Tribunal directed the Assessing Officer to delete the addition, ruling in favor of the appellant on 04-04-2018. en-us Wed, 04 Apr 2018 00:00:00 +0530 Fri, 15 May 2026 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358214 The Appellate Tribunal allowed the appellant's appeal, overturning the decision of the Commissioner of Income Tax (Appeals) to restrict the addition towards capital gains. The Tribunal held that the appellant was entitled to claim exemption under section 54 of the Act as the conditions were satisfied, emphasizing that availing a house building loan for purchasing a new residential unit did not disqualify the appellant. The Tribunal directed the Assessing Officer to delete the addition, ruling in favor of the appellant on 04-04-2018. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358214