https://www.taxtmi.com/caselaws?id=778821 ITAT Delhi allowed the appeal, holding the assessee entitled to exemption under section 54F. The tribunal found the entire sale proceeds were invested in a plot for construction of a residence but possession and construction were delayed beyond three years due to the builder's failure and reasons beyond the assessee's control; the assessee ultimately relinquished rights to that plot and reinvested recovered funds in another residential property. Applying the beneficial object of section 54F and consistent precedents, the tribunal treated the facts as excusing the delay and granted the deduction. en-us Wed, 17 Sep 2025 00:00:00 +0530 Mon, 23 Feb 2026 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778821 ITAT Delhi allowed the appeal, holding the assessee entitled to exemption under section 54F. The tribunal found the entire sale proceeds were invested in a plot for construction of a residence but possession and construction were delayed beyond three years due to the builder's failure and reasons beyond the assessee's control; the assessee ultimately relinquished rights to that plot and reinvested recovered funds in another residential property. Applying the beneficial object of section 54F and consistent precedents, the tribunal treated the facts as excusing the delay and granted the deduction. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778821