https://www.taxtmi.com/caselaws?id=389812 The Tribunal allowed the appeal, granting the assessee the exemption claimed under section 54 of the Income-tax Act. The disallowance of the deduction by lower authorities was overturned, emphasizing that the assessee's failure to commence construction was due to factors beyond their control. The Tribunal held that the benefit of deduction under section 54 should not be denied in such circumstances, citing precedents where delays in construction were not the assessee's fault. en-us Fri, 13 Dec 2019 00:00:00 +0530 Tue, 17 Dec 2019 16:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389812 The Tribunal allowed the appeal, granting the assessee the exemption claimed under section 54 of the Income-tax Act. The disallowance of the deduction by lower authorities was overturned, emphasizing that the assessee's failure to commence construction was due to factors beyond their control. The Tribunal held that the benefit of deduction under section 54 should not be denied in such circumstances, citing precedents where delays in construction were not the assessee's fault. Case-Laws Income Tax Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389812