https://www.taxtmi.com/caselaws?id=413734 The Tribunal partially allowed the appeal, holding that the appellant met the conditions under section 54F for exemption of capital gains. The Tribunal directed the Assessing Officer to calculate proportionate deductions for registration and stamp duty expenses. However, the exemption for interior decoration expenses was denied as they were deemed non-essential for habitability. The Tribunal emphasized a liberal interpretation of section 54F to encourage residential investments. en-us Thu, 30 Sep 2021 00:00:00 +0530 Mon, 18 Oct 2021 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413734 The Tribunal partially allowed the appeal, holding that the appellant met the conditions under section 54F for exemption of capital gains. The Tribunal directed the Assessing Officer to calculate proportionate deductions for registration and stamp duty expenses. However, the exemption for interior decoration expenses was denied as they were deemed non-essential for habitability. The Tribunal emphasized a liberal interpretation of section 54F to encourage residential investments. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413734