https://www.taxtmi.com/caselaws?id=401549 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reassess the deduction under Section 54F based on additional evidence provided by the assessee. The Tribunal emphasized a liberal interpretation of Section 54F to promote the construction of new residential properties. The assessee was deemed entitled to exemption under Section 54F, subject to the submission of relevant documentation. The case was remanded to the AO for quantification of the deduction, emphasizing the importance of producing all necessary documents. en-us Mon, 07 Dec 2020 00:00:00 +0530 Thu, 10 Dec 2020 08:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401549 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reassess the deduction under Section 54F based on additional evidence provided by the assessee. The Tribunal emphasized a liberal interpretation of Section 54F to promote the construction of new residential properties. The assessee was deemed entitled to exemption under Section 54F, subject to the submission of relevant documentation. The case was remanded to the AO for quantification of the deduction, emphasizing the importance of producing all necessary documents. Case-Laws Income Tax Mon, 07 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401549