https://www.taxtmi.com/caselaws?id=791742 Section 54F exemption was allowed where the assessee sold her 50% share in jointly owned immovable property, deposited the capital gains in the prescribed capital gains account, and used part of the amount for construction of a residential house. The inability to complete construction within time was attributed to subsisting court restraints, and there was no finding of diversion, withdrawal, or personal use of the funds. On these facts, the statutory conditions were treated as substantially satisfied, and the disallowance of deduction under section 54F was deleted. en-us Wed, 29 Apr 2026 00:00:00 +0530 Sat, 16 May 2026 09:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791742 Section 54F exemption was allowed where the assessee sold her 50% share in jointly owned immovable property, deposited the capital gains in the prescribed capital gains account, and used part of the amount for construction of a residential house. The inability to complete construction within time was attributed to subsisting court restraints, and there was no finding of diversion, withdrawal, or personal use of the funds. On these facts, the statutory conditions were treated as substantially satisfied, and the disallowance of deduction under section 54F was deleted. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791742