https://www.taxtmi.com/caselaws?id=377923 The tribunal allowed the appeal of the assessee, holding that for the assessment year 2014-15, the exemption under Section 54 is available for investment in a residential house outside India. The tribunal concluded that the amendment to Section 54 by the Finance Act, 2014, which restricts the exemption to investments in residential houses situated in India, is applicable from the assessment year 2015-16 onwards. en-us Wed, 03 Apr 2019 00:00:00 +0530 Fri, 05 Apr 2019 08:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377923 The tribunal allowed the appeal of the assessee, holding that for the assessment year 2014-15, the exemption under Section 54 is available for investment in a residential house outside India. The tribunal concluded that the amendment to Section 54 by the Finance Act, 2014, which restricts the exemption to investments in residential houses situated in India, is applicable from the assessment year 2015-16 onwards. Case-Laws Income Tax Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377923