https://www.taxtmi.com/caselaws?id=796576 Section 54 exemption remains available where capital gains are invested in a new residential property within the prescribed period, even if they were not deposited in the Capital Gains Account Scheme by the due date under section 139(1). The analysis treats the time available under section 139 as including the extended filing period under section 139(4). Actual utilisation of the capital gains for the qualifying residential investment therefore constitutes sufficient compliance, and failure to make the specified deposit by the original return-filing due date does not defeat the exemption. en-us Tue, 27 Jan 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796576 Section 54 exemption remains available where capital gains are invested in a new residential property within the prescribed period, even if they were not deposited in the Capital Gains Account Scheme by the due date under section 139(1). The analysis treats the time available under section 139 as including the extended filing period under section 139(4). Actual utilisation of the capital gains for the qualifying residential investment therefore constitutes sufficient compliance, and failure to make the specified deposit by the original return-filing due date does not defeat the exemption. Case-Laws Income Tax Tue, 27 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796576