https://www.taxtmi.com/caselaws?id=286799 The Tribunal upheld the Commissioner's decision, allowing the deduction U/s.54 for the assessee despite the failure to deposit residue sale proceeds in the capital gains scheme account within the stipulated period. The Tribunal emphasized the beneficial interpretation of tax provisions to favor the assessee and dismissed the Revenue's appeal, citing precedents supporting the assessee in similar situations. en-us Tue, 30 Jan 2018 00:00:00 +0530 Sun, 15 Mar 2020 22:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286799 The Tribunal upheld the Commissioner's decision, allowing the deduction U/s.54 for the assessee despite the failure to deposit residue sale proceeds in the capital gains scheme account within the stipulated period. The Tribunal emphasized the beneficial interpretation of tax provisions to favor the assessee and dismissed the Revenue's appeal, citing precedents supporting the assessee in similar situations. Case-Laws Income Tax Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286799