https://www.taxtmi.com/caselaws?id=376556 Under Section 260A of the Income-tax Act, the High Court will interfere only if the Revenue raises a substantial question of law. Here, the Tribunal and appellate authority had recorded concurrent findings that the assessee invested the capital gains in land purchase and construction of a residential house, bringing the claim within Section 54F. As those findings were based on the factual record and were neither perverse nor unsupported by evidence, no substantial question of law arose. The Revenue's challenge to the deduction was therefore not entertained, and the assessee succeeded. en-us Tue, 17 Jul 2018 00:00:00 +0530 Sat, 09 Mar 2019 13:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376556 Under Section 260A of the Income-tax Act, the High Court will interfere only if the Revenue raises a substantial question of law. Here, the Tribunal and appellate authority had recorded concurrent findings that the assessee invested the capital gains in land purchase and construction of a residential house, bringing the claim within Section 54F. As those findings were based on the factual record and were neither perverse nor unsupported by evidence, no substantial question of law arose. The Revenue's challenge to the deduction was therefore not entertained, and the assessee succeeded. Case-Laws Income Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376556