https://www.taxtmi.com/caselaws?id=276241 Retirement-linked provident fund balance withdrawn on cessation of employment retained its exempt character, but interest accruing after retirement was taxable because it did not arise in the course of employment. The appellate authority could entertain the legal exemption claim even if it was not raised in the return. Section 54 relief was also considered available where delay in completion of the new residential property resulted from circumstances beyond the assessee's control, with the exemption confined to the verified amount actually invested in the new property. The Revenue's challenge was only partly accepted, and the TDS credit issue was remitted for verification. en-us Fri, 10 Nov 2017 00:00:00 +0530 Fri, 02 Nov 2018 20:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276241 Retirement-linked provident fund balance withdrawn on cessation of employment retained its exempt character, but interest accruing after retirement was taxable because it did not arise in the course of employment. The appellate authority could entertain the legal exemption claim even if it was not raised in the return. Section 54 relief was also considered available where delay in completion of the new residential property resulted from circumstances beyond the assessee's control, with the exemption confined to the verified amount actually invested in the new property. The Revenue's challenge was only partly accepted, and the TDS credit issue was remitted for verification. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276241