https://www.taxtmi.com/caselaws?id=371803 The Tribunal upheld the CIT(A)'s decision to grant the exemption under Section 54F of the Income Tax Act to the assessee. The Tribunal found that the assessee complied with the requirements by investing the net consideration before the actual filing date of the return, purchased two residential flats considered as a single unit, and the incomplete construction of the flats did not disqualify the assessee from claiming the exemption. The revenue's appeal was dismissed, and the assessee's claim for exemption under Section 54F was upheld based on relevant judicial precedents and interpretations of the Income Tax Act. en-us Thu, 29 Nov 2018 00:00:00 +0530 Tue, 11 Dec 2018 06:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371803 The Tribunal upheld the CIT(A)'s decision to grant the exemption under Section 54F of the Income Tax Act to the assessee. The Tribunal found that the assessee complied with the requirements by investing the net consideration before the actual filing date of the return, purchased two residential flats considered as a single unit, and the incomplete construction of the flats did not disqualify the assessee from claiming the exemption. The revenue's appeal was dismissed, and the assessee's claim for exemption under Section 54F was upheld based on relevant judicial precedents and interpretations of the Income Tax Act. Case-Laws Income Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371803