https://www.taxtmi.com/caselaws?id=398297 The court ruled in favor of the assessee, holding that advance payments made for the purchase of a residential flat prior to the sale of the original asset qualify as part of the purchase under Section 54 of the Income Tax Act. The appeal was allowed, and the court answered the substantial question of law in favor of the assessee, affirming eligibility for tax exemption under Section 54. en-us Mon, 17 Aug 2020 00:00:00 +0530 Mon, 30 Nov 2020 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398297 The court ruled in favor of the assessee, holding that advance payments made for the purchase of a residential flat prior to the sale of the original asset qualify as part of the purchase under Section 54 of the Income Tax Act. The appeal was allowed, and the court answered the substantial question of law in favor of the assessee, affirming eligibility for tax exemption under Section 54. Case-Laws Income Tax Mon, 17 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398297