https://www.taxtmi.com/caselaws?id=395653 The Tribunal allowed the appeal, directing the Assessing Officer to allow the benefit of section 54F amounting to Rs. 2,07,62,580/-, thereby setting aside the findings of the CIT(A). The Tribunal emphasized the substance of the transaction and the actual date of possession as the determining factor for the purchase of the new asset under section 54F. The appeal was thus allowed in favor of the assessee. en-us Fri, 29 May 2020 00:00:00 +0530 Mon, 24 Aug 2020 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395653 The Tribunal allowed the appeal, directing the Assessing Officer to allow the benefit of section 54F amounting to Rs. 2,07,62,580/-, thereby setting aside the findings of the CIT(A). The Tribunal emphasized the substance of the transaction and the actual date of possession as the determining factor for the purchase of the new asset under section 54F. The appeal was thus allowed in favor of the assessee. Case-Laws Income Tax Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395653