https://www.taxtmi.com/caselaws?id=375691 Section 54F relief requires strict compliance with the capital gains account scheme deposit condition. The statutory language of section 54F(4) links deposit of the net consideration to the due date under section 139(1), and depositing the amount only within the extended period under section 139(4) was held insufficient. Authorities dealing with purchase of a residential house were distinguished on their facts. As the deposit was not made within the prescribed due date, deduction under section 54F was denied. en-us Fri, 08 Feb 2019 00:00:00 +0530 Thu, 21 Feb 2019 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375691 Section 54F relief requires strict compliance with the capital gains account scheme deposit condition. The statutory language of section 54F(4) links deposit of the net consideration to the due date under section 139(1), and depositing the amount only within the extended period under section 139(4) was held insufficient. Authorities dealing with purchase of a residential house were distinguished on their facts. As the deposit was not made within the prescribed due date, deduction under section 54F was denied. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375691