https://www.taxtmi.com/caselaws?id=425583 The Tribunal remanded the case to the Assessing Officer for proper verification and consideration of additional evidence related to the completion of construction within the specified time frame. The appeal was allowed for statistical purposes, emphasizing the importance of granting the assessee a fair opportunity to be heard. The judgment highlighted the significance of fulfilling conditions for claiming deductions under sections 54 and 54F and interpreting tax provisions liberally to promote investments in residential properties, underscoring the need for adherence to legal procedures in tax assessments. en-us Tue, 12 Jul 2022 00:00:00 +0530 Wed, 27 Jul 2022 08:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425583 The Tribunal remanded the case to the Assessing Officer for proper verification and consideration of additional evidence related to the completion of construction within the specified time frame. The appeal was allowed for statistical purposes, emphasizing the importance of granting the assessee a fair opportunity to be heard. The judgment highlighted the significance of fulfilling conditions for claiming deductions under sections 54 and 54F and interpreting tax provisions liberally to promote investments in residential properties, underscoring the need for adherence to legal procedures in tax assessments. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425583