https://www.taxtmi.com/caselaws?id=470461 For sections 54(2) and 54F(4), the period for utilising capital gains or depositing them under the Capital Gains Accounts Scheme includes the extended return-filing period under section 139(4), rather than being limited to section 139(1). Purchase of a vacant plot may support exemption where a residential building is constructed on it within the prescribed period. As the record did not establish whether construction was completed by the relevant date, factual verification is required; exemption is available if the residential building is found to have come into existence by then. en-us Mon, 10 Nov 2014 00:00:00 +0530 Tue, 28 Jul 2026 18:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470461 For sections 54(2) and 54F(4), the period for utilising capital gains or depositing them under the Capital Gains Accounts Scheme includes the extended return-filing period under section 139(4), rather than being limited to section 139(1). Purchase of a vacant plot may support exemption where a residential building is constructed on it within the prescribed period. As the record did not establish whether construction was completed by the relevant date, factual verification is required; exemption is available if the residential building is found to have come into existence by then. Case-Laws Income Tax Mon, 10 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470461