https://www.taxtmi.com/caselaws?id=55091 The Tribunal allowed all appeals, directing the AO to grant the deduction under section 54F to the assessees. This decision was based on the interpretation of the proviso to section 54F(1) and the application of principles established in a previous Tribunal decision from Bombay, which emphasized that owning an interest in the same unit prior to purchase does not preclude the assessee from claiming the deduction under section 54F. The Tribunal found that the assessees were entitled to the deduction under section 54F based on the precedent set by the Bombay Tribunal decision. en-us Mon, 14 May 2001 00:00:00 +0530 Wed, 24 Nov 2010 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55091 The Tribunal allowed all appeals, directing the AO to grant the deduction under section 54F to the assessees. This decision was based on the interpretation of the proviso to section 54F(1) and the application of principles established in a previous Tribunal decision from Bombay, which emphasized that owning an interest in the same unit prior to purchase does not preclude the assessee from claiming the deduction under section 54F. The Tribunal found that the assessees were entitled to the deduction under section 54F based on the precedent set by the Bombay Tribunal decision. Case-Laws Income Tax Mon, 14 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55091