https://www.taxtmi.com/caselaws?id=374289 The tribunal allowed the appeal of the Assessee regarding the deduction under section 54F of the Income Tax Act. It emphasized the necessity of verifying the source of funds for construction when granting such deductions. The tribunal held that denying the deduction without specific inquiry into the construction funds was impermissible. The decision set aside the order of the CIT(Appeals) and favored the Assessee. en-us Tue, 18 Dec 2018 00:00:00 +0530 Wed, 30 Jan 2019 08:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374289 The tribunal allowed the appeal of the Assessee regarding the deduction under section 54F of the Income Tax Act. It emphasized the necessity of verifying the source of funds for construction when granting such deductions. The tribunal held that denying the deduction without specific inquiry into the construction funds was impermissible. The decision set aside the order of the CIT(Appeals) and favored the Assessee. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374289