https://www.taxtmi.com/caselaws?id=279359 The Appellate Tribunal allowed the assessee's appeal concerning exemption u/s. 54F of the Income Tax Act. The Tribunal ruled that the purchase of a residential house within the specified period is the key requirement for claiming exemption, regardless of the source of funds used for the investment. The decision emphasized that the Act does not mandate using the same funds from the sale of assets for purchasing the new house, as long as the time frame for investment is met. en-us Fri, 30 Apr 2010 00:00:00 +0530 Thu, 14 Mar 2019 15:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279359 The Appellate Tribunal allowed the assessee's appeal concerning exemption u/s. 54F of the Income Tax Act. The Tribunal ruled that the purchase of a residential house within the specified period is the key requirement for claiming exemption, regardless of the source of funds used for the investment. The decision emphasized that the Act does not mandate using the same funds from the sale of assets for purchasing the new house, as long as the time frame for investment is met. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279359