https://www.taxtmi.com/caselaws?id=378572 The Tribunal upheld the decision of the ld. CIT(Appeals), ruling in favor of the assessee regarding the claim for exemption under section 54F of the Income Tax Act. The Tribunal emphasized that the requirement was to invest in a residential house within the stipulated period, not necessarily complete its construction or take possession. The purchase of two residential houses was allowed under section 54F, as long as they were part of the same residential complex, and the legal interpretations and precedents supported the assessee's eligibility for the exemption. en-us Wed, 06 Feb 2019 00:00:00 +0530 Thu, 18 Apr 2019 08:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378572 The Tribunal upheld the decision of the ld. CIT(Appeals), ruling in favor of the assessee regarding the claim for exemption under section 54F of the Income Tax Act. The Tribunal emphasized that the requirement was to invest in a residential house within the stipulated period, not necessarily complete its construction or take possession. The purchase of two residential houses was allowed under section 54F, as long as they were part of the same residential complex, and the legal interpretations and precedents supported the assessee's eligibility for the exemption. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378572