https://www.taxtmi.com/caselaws?id=361583 The bench ruled in favor of the assessee in a case involving eligibility for exemption under section 54F of the Act. The Revenue's appeal was dismissed as the bench found that the assessee had fulfilled all conditions by investing in a residential villa and depositing an amount with a bank before the return filing. Additionally, the bench allowed the assessee's appeal regarding the disallowance of deduction for additional fixtures and furniture, directing the Assessing Officer to delete the disallowance to the extent of these expenses. The bench emphasized that the assessee was entitled to the exemption for the additional expenses incurred. en-us Wed, 06 Jun 2018 00:00:00 +0530 Sat, 09 Jun 2018 09:18:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361583 The bench ruled in favor of the assessee in a case involving eligibility for exemption under section 54F of the Act. The Revenue's appeal was dismissed as the bench found that the assessee had fulfilled all conditions by investing in a residential villa and depositing an amount with a bank before the return filing. Additionally, the bench allowed the assessee's appeal regarding the disallowance of deduction for additional fixtures and furniture, directing the Assessing Officer to delete the disallowance to the extent of these expenses. The bench emphasized that the assessee was entitled to the exemption for the additional expenses incurred. Case-Laws Income Tax Wed, 06 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361583