https://www.taxtmi.com/caselaws?id=368090 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to grant the exemption as claimed. The Tribunal emphasized that strict construction of procedural provisions should not defeat the purpose of substantive provisions like Section 54, highlighting the importance of promoting housing. The decision was based on previous rulings and the principle that substantial investment towards a new property should not be disregarded due to delays in construction. en-us Fri, 28 Sep 2018 00:00:00 +0530 Sat, 29 Sep 2018 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368090 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to grant the exemption as claimed. The Tribunal emphasized that strict construction of procedural provisions should not defeat the purpose of substantive provisions like Section 54, highlighting the importance of promoting housing. The decision was based on previous rulings and the principle that substantial investment towards a new property should not be disregarded due to delays in construction. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368090