https://www.taxtmi.com/caselaws?id=421462 The Tribunal partially allowed the appeal concerning the disallowance of exemption under Section 54F for long-term capital gains on the sale of a residential property. The assessee was given another chance to provide required details as the claim was rejected due to a failure to commence construction within the specified timeframe. However, the disallowance of interest expenses amounting to ? 3,15,247 was upheld as the funds were not used for house construction. The appeal was partly allowed, with the first ground allowed for statistical purposes and the second ground dismissed. en-us Fri, 22 Apr 2022 00:00:00 +0530 Mon, 25 Apr 2022 08:19:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421462 The Tribunal partially allowed the appeal concerning the disallowance of exemption under Section 54F for long-term capital gains on the sale of a residential property. The assessee was given another chance to provide required details as the claim was rejected due to a failure to commence construction within the specified timeframe. However, the disallowance of interest expenses amounting to ? 3,15,247 was upheld as the funds were not used for house construction. The appeal was partly allowed, with the first ground allowed for statistical purposes and the second ground dismissed. Case-Laws Income Tax Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421462