https://www.taxtmi.com/caselaws?id=406528 The Tribunal condoned the delay in filing the appeal due to its insignificance, allowing the assessee to claim a deduction under Section 54F of the Income Tax Act for investing in a new property within the stipulated time. The Tribunal interpreted Section 139 inclusively, granting the assessee exemption under Section 54F for complying with the conditions of purchasing or constructing residential property within the prescribed period, even in cases of unutilized capital gain. en-us Thu, 15 Apr 2021 00:00:00 +0530 Fri, 16 Apr 2021 08:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406528 The Tribunal condoned the delay in filing the appeal due to its insignificance, allowing the assessee to claim a deduction under Section 54F of the Income Tax Act for investing in a new property within the stipulated time. The Tribunal interpreted Section 139 inclusively, granting the assessee exemption under Section 54F for complying with the conditions of purchasing or constructing residential property within the prescribed period, even in cases of unutilized capital gain. Case-Laws Income Tax Thu, 15 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406528