https://www.taxtmi.com/caselaws?id=294760 The Tribunal upheld the denial of deductions under sections 54 and 80C by the Assessing Officer due to incomplete construction, citing legal precedents. The application of the Cost Inflation Index from a specific date was upheld based on lack of contradictory evidence. The Tribunal reversed the direction to allow deduction under section 54F, finding discrepancies in construction completion evidence. Due to inconsistencies in evidence, the completion of construction for deduction under section 54F was not proven. The Tribunal remanded the issue of relief under section 80E for re-examination by the Assessing Officer for fairness. en-us Thu, 02 Nov 2017 00:00:00 +0530 Sat, 01 May 2021 17:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294760 The Tribunal upheld the denial of deductions under sections 54 and 80C by the Assessing Officer due to incomplete construction, citing legal precedents. The application of the Cost Inflation Index from a specific date was upheld based on lack of contradictory evidence. The Tribunal reversed the direction to allow deduction under section 54F, finding discrepancies in construction completion evidence. Due to inconsistencies in evidence, the completion of construction for deduction under section 54F was not proven. The Tribunal remanded the issue of relief under section 80E for re-examination by the Assessing Officer for fairness. Case-Laws Income Tax Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294760