https://www.taxtmi.com/caselaws?id=802611 Section 54F restricts ownership of residential houses on the date of transfer of the original asset, but open plots without residential buildings do not count as residential houses for that restriction. The deduction is available for investment in a residential house constructed on purchased land within the prescribed period. Amounts deposited under the capital gains account scheme can be used for the construction within that period. en-us Fri, 09 Oct 2026 00:00:00 +0530 Thu, 12 Nov 2026 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802611 Section 54F restricts ownership of residential houses on the date of transfer of the original asset, but open plots without residential buildings do not count as residential houses for that restriction. The deduction is available for investment in a residential house constructed on purchased land within the prescribed period. Amounts deposited under the capital gains account scheme can be used for the construction within that period. Case-Laws Income Tax Fri, 09 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802611