https://www.taxtmi.com/caselaws?id=371628 The Tribunal upheld the decision of the CIT(Appeals) to allow the claim under Section 54F of the Income-tax Act, 1961. The Tribunal noted that the assessee had deposited a significant amount in a Capital Gains Account and a bank account, despite facing difficulties in depositing the entire sum due to the seizure of funds by the Department. As the Revenue did not challenge the eligibility of the assessee for the deduction under Section 54F, the Tribunal dismissed the Revenue's appeal and affirmed the lower authority's decision. en-us Fri, 05 Oct 2018 00:00:00 +0530 Fri, 07 Dec 2018 06:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371628 The Tribunal upheld the decision of the CIT(Appeals) to allow the claim under Section 54F of the Income-tax Act, 1961. The Tribunal noted that the assessee had deposited a significant amount in a Capital Gains Account and a bank account, despite facing difficulties in depositing the entire sum due to the seizure of funds by the Department. As the Revenue did not challenge the eligibility of the assessee for the deduction under Section 54F, the Tribunal dismissed the Revenue's appeal and affirmed the lower authority's decision. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371628