https://www.taxtmi.com/caselaws?id=795754 Section 54F exemption may include the cost of land acquired before transfer of the original capital asset when a residential house is constructed on that land within the prescribed three-year period. Land is integral to the completed residential house, and a purposive reading does not require post-transfer acquisition of the land. Further, failure to deposit unutilised consideration in the Capital Gains Account Scheme by the section 139(1) due date does not bar exemption where the consideration is actually invested in construction within three years. Actual timely utilisation fulfils the substantive investment requirement. en-us Fri, 10 Jul 2026 00:00:00 +0530 Mon, 27 Jul 2026 08:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795754 Section 54F exemption may include the cost of land acquired before transfer of the original capital asset when a residential house is constructed on that land within the prescribed three-year period. Land is integral to the completed residential house, and a purposive reading does not require post-transfer acquisition of the land. Further, failure to deposit unutilised consideration in the Capital Gains Account Scheme by the section 139(1) due date does not bar exemption where the consideration is actually invested in construction within three years. Actual timely utilisation fulfils the substantive investment requirement. Case-Laws Income Tax Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795754