https://www.taxtmi.com/caselaws?id=468457 Exemption under section 54F was held not to be denied merely because the residential house stood on leasehold land, where the lease conferred long-term rights with substantial incidents of ownership and sufficient dominion over the property. Exemption was also allowed where capital gains were invested in the same eligible residential property in instalments over different assessment years, as the provision was read as permitting investment within the statutory period without barring split claims for the same house. The assessment and appellate denial were therefore rejected to the extent they had disallowed the exemption. en-us Mon, 30 Oct 2017 00:00:00 +0530 Thu, 07 May 2026 14:22:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468457 Exemption under section 54F was held not to be denied merely because the residential house stood on leasehold land, where the lease conferred long-term rights with substantial incidents of ownership and sufficient dominion over the property. Exemption was also allowed where capital gains were invested in the same eligible residential property in instalments over different assessment years, as the provision was read as permitting investment within the statutory period without barring split claims for the same house. The assessment and appellate denial were therefore rejected to the extent they had disallowed the exemption. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468457