https://www.taxtmi.com/caselaws?id=400073 The Tribunal allowed the appeal, emphasizing that investment in construction within the prescribed period qualifies for exemption u/s 54F, even if the amount was not deposited in the specified bank account. The matter was remanded to the Assessing Officer for verification of the investment made by the assessee, based on the legal position established by the Karnataka High Court. en-us Tue, 22 Sep 2020 00:00:00 +0530 Mon, 26 Oct 2020 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400073 The Tribunal allowed the appeal, emphasizing that investment in construction within the prescribed period qualifies for exemption u/s 54F, even if the amount was not deposited in the specified bank account. The matter was remanded to the Assessing Officer for verification of the investment made by the assessee, based on the legal position established by the Karnataka High Court. Case-Laws Income Tax Tue, 22 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400073