https://www.taxtmi.com/caselaws?id=412003 The Appellate Tribunal allowed the appeal, emphasizing compliance with Section 54F provisions on reinvesting sale consideration and completing construction within the specified timeframe. The Tribunal held that once reinvestment and construction were done timely, the assessee was entitled to the deduction, setting aside the CIT(A)'s direction and directing the AO to allow the claimed deduction. The decision underscored the necessity of meeting statutory requirements for exemptions under the Income Tax Act. en-us Tue, 31 Aug 2021 00:00:00 +0530 Wed, 08 Sep 2021 08:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412003 The Appellate Tribunal allowed the appeal, emphasizing compliance with Section 54F provisions on reinvesting sale consideration and completing construction within the specified timeframe. The Tribunal held that once reinvestment and construction were done timely, the assessee was entitled to the deduction, setting aside the CIT(A)'s direction and directing the AO to allow the claimed deduction. The decision underscored the necessity of meeting statutory requirements for exemptions under the Income Tax Act. Case-Laws Income Tax Tue, 31 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412003