https://www.taxtmi.com/caselaws?id=434766 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to allow the deduction under section 54, based on the construction timeline and utilization of funds for a new house property. The appeal by the Revenue challenging this deduction was dismissed, as the Tribunal found that the deduction was correctly allowed by the Ld. CIT(A) after considering the facts and evidence presented by both parties. en-us Wed, 01 Mar 2023 00:00:00 +0530 Fri, 03 Mar 2023 08:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434766 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to allow the deduction under section 54, based on the construction timeline and utilization of funds for a new house property. The appeal by the Revenue challenging this deduction was dismissed, as the Tribunal found that the deduction was correctly allowed by the Ld. CIT(A) after considering the facts and evidence presented by both parties. Case-Laws Income Tax Wed, 01 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434766