https://www.taxtmi.com/caselaws?id=373969 The ITAT allowed the Revenue's appeal, holding that the assessee's claim for long-term capital gains exemption under section 54 of the IT Act was not valid due to failure to adhere to the timeline for property purchase or construction and deposit of unutilized capital gain. The ITAT emphasized the importance of compliance with the statutory requirements for claiming such exemptions and ruled that the decisions relied upon by the ld. CIT(A) were not applicable in this case. en-us Fri, 18 Jan 2019 00:00:00 +0530 Wed, 23 Jan 2019 07:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373969 The ITAT allowed the Revenue's appeal, holding that the assessee's claim for long-term capital gains exemption under section 54 of the IT Act was not valid due to failure to adhere to the timeline for property purchase or construction and deposit of unutilized capital gain. The ITAT emphasized the importance of compliance with the statutory requirements for claiming such exemptions and ruled that the decisions relied upon by the ld. CIT(A) were not applicable in this case. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373969