https://www.taxtmi.com/caselaws?id=383865 The Tribunal allowed the assessee's appeal, granting exemption under Section 54F of the Income Tax Act. It held that the assessee's genuine investment and delays caused by legal disputes should not disqualify him from the exemption. Emphasizing the beneficial nature of Section 54F, the Tribunal ruled that the assessee should not be penalized for circumstances beyond his control. The appeal was allowed, overturning the disallowance of Rs. 91,95,570/-. en-us Tue, 30 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383865 The Tribunal allowed the assessee's appeal, granting exemption under Section 54F of the Income Tax Act. It held that the assessee's genuine investment and delays caused by legal disputes should not disqualify him from the exemption. Emphasizing the beneficial nature of Section 54F, the Tribunal ruled that the assessee should not be penalized for circumstances beyond his control. The appeal was allowed, overturning the disallowance of Rs. 91,95,570/-. Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383865