https://www.taxtmi.com/caselaws?id=786907 Section 54F's exemption applies where net consideration from sale of a long-term capital asset is invested in a new residential house within the statutory period; the statutory deposit into a notified capital gains account scheme in sub-section (4) is required only where the net consideration has not been appropriated to purchase or construct the new asset before filing the return. Authorities construe the provision to prioritise reinvestment of sale proceeds over formal deposit requirements, and accordingly the deduction is allowable where the entire sale consideration was invested in the house within the prescribed period despite not depositing the amount in the specified account before filing. en-us Thu, 19 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786907 Section 54F's exemption applies where net consideration from sale of a long-term capital asset is invested in a new residential house within the statutory period; the statutory deposit into a notified capital gains account scheme in sub-section (4) is required only where the net consideration has not been appropriated to purchase or construct the new asset before filing the return. Authorities construe the provision to prioritise reinvestment of sale proceeds over formal deposit requirements, and accordingly the deduction is allowable where the entire sale consideration was invested in the house within the prescribed period despite not depositing the amount in the specified account before filing. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786907