https://www.taxtmi.com/caselaws?id=278093 The Tribunal ruled in favor of the assessee, overturning the CIT's order under section 263 of the Income Tax Act 1961. The dispute centered on the date of sale of property for claiming deduction under section 54F. The Tribunal found that the assessee had met the conditions of section 54F by purchasing the property within the required timeframe, based on the actual date of possession and payment. Citing a judgment of the Bombay High Court and analyzing the relevant agreements, the Tribunal concluded that the assessee was entitled to the exemption, ultimately allowing the appeal. en-us Wed, 27 Sep 2017 00:00:00 +0530 Wed, 09 Jan 2019 06:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278093 The Tribunal ruled in favor of the assessee, overturning the CIT's order under section 263 of the Income Tax Act 1961. The dispute centered on the date of sale of property for claiming deduction under section 54F. The Tribunal found that the assessee had met the conditions of section 54F by purchasing the property within the required timeframe, based on the actual date of possession and payment. Citing a judgment of the Bombay High Court and analyzing the relevant agreements, the Tribunal concluded that the assessee was entitled to the exemption, ultimately allowing the appeal. Case-Laws Income Tax Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278093