https://www.taxtmi.com/caselaws?id=395158 The appeal challenging the assessment order under Section 260-A of the Income Tax Act, 1961 for the assessment year 2008-09 was successful. The Tribunal ruled in favor of the assessee, allowing the deduction claimed under Section 54F of the Act despite delayed possession due to the builder's fault. The High Court upheld this decision, emphasizing that the investment of entire capital gains within the stipulated period is crucial, and delays beyond the assessee's control should not affect their entitlement to the deduction. The appeal was dismissed with no costs awarded. en-us Tue, 28 Jan 2020 00:00:00 +0530 Fri, 08 May 2020 11:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395158 The appeal challenging the assessment order under Section 260-A of the Income Tax Act, 1961 for the assessment year 2008-09 was successful. The Tribunal ruled in favor of the assessee, allowing the deduction claimed under Section 54F of the Act despite delayed possession due to the builder's fault. The High Court upheld this decision, emphasizing that the investment of entire capital gains within the stipulated period is crucial, and delays beyond the assessee's control should not affect their entitlement to the deduction. The appeal was dismissed with no costs awarded. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395158