https://www.taxtmi.com/caselaws?id=280508 The revenue's appeal against the deletion of an addition made on account of denial of relief under section 54F was dismissed. The CIT(A) allowed the assessee's claim for deduction under section 54F, emphasizing that the completion of construction or occupation is not a requirement as long as the capital gain is invested in the construction of a residential house. The Tribunal upheld this decision, highlighting a liberal interpretation of section 54F, focusing on the investment of capital gain in constructing a residential house rather than completion within a specific timeframe. en-us Wed, 13 Nov 2013 00:00:00 +0530 Wed, 08 May 2019 10:10:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280508 The revenue's appeal against the deletion of an addition made on account of denial of relief under section 54F was dismissed. The CIT(A) allowed the assessee's claim for deduction under section 54F, emphasizing that the completion of construction or occupation is not a requirement as long as the capital gain is invested in the construction of a residential house. The Tribunal upheld this decision, highlighting a liberal interpretation of section 54F, focusing on the investment of capital gain in constructing a residential house rather than completion within a specific timeframe. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280508