https://www.taxtmi.com/caselaws?id=273435 The Tribunal dismissed the grounds challenging the validity of reopening assessment under section 147. However, the appellant's appeal regarding the denial of deduction under Section 54 of the Income-tax Act, 1961 was allowed. The Tribunal emphasized that the total investment in a new residential property is crucial for claiming deduction under Section 54, irrespective of the funding sources. en-us Tue, 28 Feb 2017 00:00:00 +0530 Wed, 27 Jun 2018 07:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273435 The Tribunal dismissed the grounds challenging the validity of reopening assessment under section 147. However, the appellant's appeal regarding the denial of deduction under Section 54 of the Income-tax Act, 1961 was allowed. The Tribunal emphasized that the total investment in a new residential property is crucial for claiming deduction under Section 54, irrespective of the funding sources. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273435