https://www.taxtmi.com/caselaws?id=396961 The HC upheld the Tribunal's grant of exemption under section 54F, rejecting the Revenue's challenge. The court found the Tribunal's factual findings, including that the assessee purchased and took possession of new residential property within the three-year period and met conditions for 54F, to be justified and non-perverse. Although questions arose about deposit of unutilised sale proceeds, the HC accepted the Tribunal's reasoning and dismissed the Revenue's appeal on merits. en-us Wed, 22 Jul 2020 00:00:00 +0530 Wed, 24 Sep 2025 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396961 The HC upheld the Tribunal's grant of exemption under section 54F, rejecting the Revenue's challenge. The court found the Tribunal's factual findings, including that the assessee purchased and took possession of new residential property within the three-year period and met conditions for 54F, to be justified and non-perverse. Although questions arose about deposit of unutilised sale proceeds, the HC accepted the Tribunal's reasoning and dismissed the Revenue's appeal on merits. Case-Laws Income Tax Wed, 22 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396961