https://www.taxtmi.com/caselaws?id=433639 The ITAT upheld the CIT(A)'s decision to limit the tax exemption under Section 54, emphasizing the requirement to deposit unutilized capital gains in the 'Capital Gain Account Scheme' before the due date for filing the return. The appeal was dismissed as the assessee failed to comply with Section 54(2) provisions and provide evidence of utilizing the full capital gains for constructing a house within the specified timeframe. en-us Wed, 11 Jan 2023 00:00:00 +0530 Mon, 06 Feb 2023 09:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433639 The ITAT upheld the CIT(A)'s decision to limit the tax exemption under Section 54, emphasizing the requirement to deposit unutilized capital gains in the 'Capital Gain Account Scheme' before the due date for filing the return. The appeal was dismissed as the assessee failed to comply with Section 54(2) provisions and provide evidence of utilizing the full capital gains for constructing a house within the specified timeframe. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433639