https://www.taxtmi.com/caselaws?id=418609 The Tribunal upheld the assessee's eligibility for deductions under section 54F of the Income Tax Act, ruling in favor of the taxpayer in both issues raised. The denial of benefits due to construction delay and claiming deductions on multiple properties was overturned based on precedents from the Jurisdictional High Courts. The Tribunal dismissed the Revenue's appeal, affirming the decisions of the ld. CIT(A) and emphasizing the legislative intent to promote investments in residential properties. The order was issued on 24th January 2022 in Chennai. en-us Mon, 24 Jan 2022 00:00:00 +0530 Mon, 21 Feb 2022 08:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418609 The Tribunal upheld the assessee's eligibility for deductions under section 54F of the Income Tax Act, ruling in favor of the taxpayer in both issues raised. The denial of benefits due to construction delay and claiming deductions on multiple properties was overturned based on precedents from the Jurisdictional High Courts. The Tribunal dismissed the Revenue's appeal, affirming the decisions of the ld. CIT(A) and emphasizing the legislative intent to promote investments in residential properties. The order was issued on 24th January 2022 in Chennai. Case-Laws Income Tax Mon, 24 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418609