https://www.taxtmi.com/caselaws?id=403315 The Tribunal upheld the CIT(A)'s decision to allow the exemption under Section 54F, finding that the assessee complied with the conditions for exemption, completed construction within the stipulated time, and provided sufficient evidence of construction expenses. The Tribunal directed the Assessing Officer to verify the computation of capital gains and tax paid on the balance amount, and to delete the additions if the assessee's claims were accurate. The appeal filed by the Revenue was treated as allowed for statistical purposes. en-us Mon, 18 Jan 2021 00:00:00 +0530 Mon, 25 Jan 2021 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403315 The Tribunal upheld the CIT(A)'s decision to allow the exemption under Section 54F, finding that the assessee complied with the conditions for exemption, completed construction within the stipulated time, and provided sufficient evidence of construction expenses. The Tribunal directed the Assessing Officer to verify the computation of capital gains and tax paid on the balance amount, and to delete the additions if the assessee's claims were accurate. The appeal filed by the Revenue was treated as allowed for statistical purposes. Case-Laws Income Tax Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403315