https://www.taxtmi.com/caselaws?id=373234 The Appellate Tribunal, ITAT Mumbai, allowed the appeal regarding the deduction claimed under section 54 and the interpretation of the purchase date for exemption under section 54F. The Tribunal emphasized the validity of the deduction claim and ruled in favor of the appellant, stating that the purchase was substantially effected when full payment was made and possession was received, following relevant case laws and factual circumstances. The Tribunal set aside the order passed by the Principal Commissioner under section 263. en-us Mon, 03 Dec 2018 00:00:00 +0530 Wed, 09 Jan 2019 08:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373234 The Appellate Tribunal, ITAT Mumbai, allowed the appeal regarding the deduction claimed under section 54 and the interpretation of the purchase date for exemption under section 54F. The Tribunal emphasized the validity of the deduction claim and ruled in favor of the appellant, stating that the purchase was substantially effected when full payment was made and possession was received, following relevant case laws and factual circumstances. The Tribunal set aside the order passed by the Principal Commissioner under section 263. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373234