https://www.taxtmi.com/caselaws?id=402612 The Tribunal allowed the appeal for statistical purposes, emphasizing the importance of meeting conditions under section 54F of the I.T. Act for claiming deductions related to the sale of assets and investments in new properties. The Tribunal directed the matter to be reexamined by the A.O. based on judicial precedents, allowing the assessee exemption u/s 54F for amounts utilized within three years from the sale of the original asset. en-us Tue, 05 Jan 2021 00:00:00 +0530 Thu, 07 Jan 2021 16:59:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402612 The Tribunal allowed the appeal for statistical purposes, emphasizing the importance of meeting conditions under section 54F of the I.T. Act for claiming deductions related to the sale of assets and investments in new properties. The Tribunal directed the matter to be reexamined by the A.O. based on judicial precedents, allowing the assessee exemption u/s 54F for amounts utilized within three years from the sale of the original asset. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402612