https://www.taxtmi.com/caselaws?id=365579 The Tribunal dismissed the Miscellaneous Petition, affirming its decision on the interpretation of Section 54 of the Income Tax Act, 1961. It held that deductions for capital gains on the construction of a residential house are limited to amounts paid by the assessee post the asset's transfer date. The Tribunal emphasized adherence to statutory provisions and specific criteria for claiming deductions on capital gains related to residential house purchase or construction within specified timelines. en-us Fri, 10 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 08:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365579 The Tribunal dismissed the Miscellaneous Petition, affirming its decision on the interpretation of Section 54 of the Income Tax Act, 1961. It held that deductions for capital gains on the construction of a residential house are limited to amounts paid by the assessee post the asset's transfer date. The Tribunal emphasized adherence to statutory provisions and specific criteria for claiming deductions on capital gains related to residential house purchase or construction within specified timelines. Case-Laws Income Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365579