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    <title>2018 (11) TMI 1323 - ITAT VISAKHAPATNAM</title>
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    <description>The Tribunal held that the assessee is entitled to deduction under Section 54F for the entire amount invested in the new property, including the amount sourced from a bank loan. The Tribunal set aside the CIT(A)&#039;s order and allowed the assessee&#039;s appeal, emphasizing that Section 54F does not require the investment to be solely from the sale consideration, as long as the new property is purchased within the specified timeframe.</description>
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      <link>https://www.taxtmi.com/caselaws?id=370980</link>
      <description>The Tribunal held that the assessee is entitled to deduction under Section 54F for the entire amount invested in the new property, including the amount sourced from a bank loan. The Tribunal set aside the CIT(A)&#039;s order and allowed the assessee&#039;s appeal, emphasizing that Section 54F does not require the investment to be solely from the sale consideration, as long as the new property is purchased within the specified timeframe.</description>
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      <pubDate>Wed, 14 Nov 2018 00:00:00 +0530</pubDate>
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