https://www.taxtmi.com/caselaws?id=470646 Section 54F permits exemption where a new residential house is constructed within three years after transfer of the original capital asset; it does not require construction to begin only after that transfer. Documentary evidence supported demolition of the existing structure and construction of a new house, with no identified deficiency. As the claim concerned new construction rather than renovation or extension, and section 54F is a beneficial provision requiring liberal interpretation, deduction remained available despite construction commencing before the asset transfer. en-us Tue, 25 Mar 2025 00:00:00 +0530 Mon, 03 Aug 2026 19:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470646 Section 54F permits exemption where a new residential house is constructed within three years after transfer of the original capital asset; it does not require construction to begin only after that transfer. Documentary evidence supported demolition of the existing structure and construction of a new house, with no identified deficiency. As the claim concerned new construction rather than renovation or extension, and section 54F is a beneficial provision requiring liberal interpretation, deduction remained available despite construction commencing before the asset transfer. Case-Laws Income Tax Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470646