https://www.taxtmi.com/caselaws?id=365887 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income Tax(Appeals) -12, Bengaluru, upholding the assessee's entitlement to the exemption under section 54F. The decision emphasized interpreting tax statutes based on plain language and legislative intent, allowing exemptions for properties outside India if all conditions were met. The Tribunal's reliance on legal precedents and consistent judicial interpretations favored the assessee, leading to the rejection of the Revenue's appeal and confirming the assessee's right to the deduction. en-us Tue, 14 Aug 2018 00:00:00 +0530 Sat, 25 Aug 2018 09:28:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365887 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income Tax(Appeals) -12, Bengaluru, upholding the assessee's entitlement to the exemption under section 54F. The decision emphasized interpreting tax statutes based on plain language and legislative intent, allowing exemptions for properties outside India if all conditions were met. The Tribunal's reliance on legal precedents and consistent judicial interpretations favored the assessee, leading to the rejection of the Revenue's appeal and confirming the assessee's right to the deduction. Case-Laws Income Tax Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365887