https://www.taxtmi.com/caselaws?id=20545 The court ruled in favor of the assessees, holding that they were entitled to the benefit of section 54 of the Income-tax Act. The assessees successfully repurchased the bungalow within the specified period, meeting the conditions for exemption. The court emphasized the significance of possession and control over the property in determining eligibility for exemption under section 54. en-us Fri, 05 Mar 1993 00:00:00 +0530 Sat, 14 Nov 2009 16:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20545 The court ruled in favor of the assessees, holding that they were entitled to the benefit of section 54 of the Income-tax Act. The assessees successfully repurchased the bungalow within the specified period, meeting the conditions for exemption. The court emphasized the significance of possession and control over the property in determining eligibility for exemption under section 54. Case-Laws Income Tax Fri, 05 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20545