https://www.taxtmi.com/caselaws?id=365652 The Tribunal allowed the assessee's appeal, overturning the decisions of the lower authorities. It held that the assessee met all conditions under Section 54 of the Income Tax Act, as the purchase of the new residential house within the specified period qualified for exemption, irrespective of the source of funds used for the purchase. The assessee's claim for exemption under Section 54 was allowed, and the appeal was decided in favor of the assessee on 04-07-2018. en-us Wed, 04 Jul 2018 00:00:00 +0530 Tue, 21 Aug 2018 07:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365652 The Tribunal allowed the assessee's appeal, overturning the decisions of the lower authorities. It held that the assessee met all conditions under Section 54 of the Income Tax Act, as the purchase of the new residential house within the specified period qualified for exemption, irrespective of the source of funds used for the purchase. The assessee's claim for exemption under Section 54 was allowed, and the appeal was decided in favor of the assessee on 04-07-2018. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365652