https://www.taxtmi.com/caselaws?id=427213 The tribunal upheld the CIT(A)'s decision to delete the disallowance of the section 54F deduction of Rs.3.25 crores, emphasizing the appellant's reinvestment of capital gains in a new residential property through a development agreement. The tribunal found no violation of section 54F and invoked a stricter interpretation in favor of the appellant, dismissing the Revenue's appeal. The order was pronounced on 1st September 2022. en-us Thu, 01 Sep 2022 00:00:00 +0530 Sat, 03 Sep 2022 08:06:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427213 The tribunal upheld the CIT(A)'s decision to delete the disallowance of the section 54F deduction of Rs.3.25 crores, emphasizing the appellant's reinvestment of capital gains in a new residential property through a development agreement. The tribunal found no violation of section 54F and invoked a stricter interpretation in favor of the appellant, dismissing the Revenue's appeal. The order was pronounced on 1st September 2022. Case-Laws Income Tax Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427213