https://www.taxtmi.com/caselaws?id=420299 The Tribunal allowed the appeal of the assessee, holding that for the A.Y. 2010-11, the exemption under Section 54F could be claimed for reinvestment in a residential house outside India. The Tribunal emphasized that the statute did not specify the location of the residential house for the relevant assessment year, and the amendment introduced from 01.04.2015 is prospective. Therefore, the assessee was entitled to the exemption claimed under Section 54F. The issue of charging interest under Sections 234A, 234B, and 234C was not elaborated on by the Tribunal as the primary issue was resolved in favor of the assessee. en-us Mon, 28 Mar 2022 00:00:00 +0530 Thu, 31 Mar 2022 08:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420299 The Tribunal allowed the appeal of the assessee, holding that for the A.Y. 2010-11, the exemption under Section 54F could be claimed for reinvestment in a residential house outside India. The Tribunal emphasized that the statute did not specify the location of the residential house for the relevant assessment year, and the amendment introduced from 01.04.2015 is prospective. Therefore, the assessee was entitled to the exemption claimed under Section 54F. The issue of charging interest under Sections 234A, 234B, and 234C was not elaborated on by the Tribunal as the primary issue was resolved in favor of the assessee. Case-Laws Income Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420299