https://www.taxtmi.com/caselaws?id=407458 The Tribunal upheld the CIT(A)'s decision to allow the deduction claimed under section 54F of the Income Tax Act, emphasizing the significance of the possession date over the payment date for determining the purchase of property. Legal precedents and the factual circumstances supported the appellant's argument, leading to the dismissal of the appeal and affirming the importance of possession date in establishing eligibility for the deduction. en-us Wed, 03 Mar 2021 00:00:00 +0530 Wed, 12 May 2021 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407458 The Tribunal upheld the CIT(A)'s decision to allow the deduction claimed under section 54F of the Income Tax Act, emphasizing the significance of the possession date over the payment date for determining the purchase of property. Legal precedents and the factual circumstances supported the appellant's argument, leading to the dismissal of the appeal and affirming the importance of possession date in establishing eligibility for the deduction. Case-Laws Income Tax Wed, 03 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407458