https://www.taxtmi.com/caselaws?id=370032 The Tribunal allowed the appeal, overturning the CIT(A)'s decision to disallow the assessee's deduction claim under Section 54 of the Income Tax Act. The Tribunal held that the assessee met the conditions of Section 54 by investing the entire Long Term Capital Gain in a new residential property within three years, following precedents emphasizing completion of construction within the stipulated period. Consequently, the assessee was granted the deduction for the LTCG invested in the new asset. en-us Fri, 20 Jul 2018 00:00:00 +0530 Thu, 08 Nov 2018 10:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370032 The Tribunal allowed the appeal, overturning the CIT(A)'s decision to disallow the assessee's deduction claim under Section 54 of the Income Tax Act. The Tribunal held that the assessee met the conditions of Section 54 by investing the entire Long Term Capital Gain in a new residential property within three years, following precedents emphasizing completion of construction within the stipulated period. Consequently, the assessee was granted the deduction for the LTCG invested in the new asset. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370032