https://www.taxtmi.com/caselaws?id=470519 Investment of the entire sale proceeds in constructing a residential house may support the relevant deduction where credible evidence, including a municipal certificate, establishes the construction. The notes explain that deduction should not be denied solely because bills and vouchers are unavailable when no cogent material disproves the investment. They further state that a separate deemed-consideration addition based on stamp-duty value cannot be sustained where the entire sale consideration has been invested in the residential house. The stated principle is that credible proof of full reinvestment defeats both the denial of deduction and the separate deemed-income addition on those facts. en-us Fri, 21 Mar 2025 00:00:00 +0530 Wed, 29 Jul 2026 18:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470519 Investment of the entire sale proceeds in constructing a residential house may support the relevant deduction where credible evidence, including a municipal certificate, establishes the construction. The notes explain that deduction should not be denied solely because bills and vouchers are unavailable when no cogent material disproves the investment. They further state that a separate deemed-consideration addition based on stamp-duty value cannot be sustained where the entire sale consideration has been invested in the residential house. The stated principle is that credible proof of full reinvestment defeats both the denial of deduction and the separate deemed-income addition on those facts. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470519