https://www.taxtmi.com/caselaws?id=370711 The Tribunal condoned the delay in filing the appeal due to convincing reasons provided by the assessee. The core issue was the justification of rejecting the exemption claimed under Section 54F of the Income Tax Act, 1961. The Tribunal found that the assessee had invested the net sale consideration in a new residential flat before the specified date, in compliance with relevant provisions. Relying on precedent, the Tribunal granted the exemption under Section 54F, allowing the appeal. en-us Tue, 20 Nov 2018 00:00:00 +0530 Thu, 22 Nov 2018 07:13:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370711 The Tribunal condoned the delay in filing the appeal due to convincing reasons provided by the assessee. The core issue was the justification of rejecting the exemption claimed under Section 54F of the Income Tax Act, 1961. The Tribunal found that the assessee had invested the net sale consideration in a new residential flat before the specified date, in compliance with relevant provisions. Relying on precedent, the Tribunal granted the exemption under Section 54F, allowing the appeal. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370711