https://www.taxtmi.com/caselaws?id=59318 The Tribunal allowed the appeal, granting the deduction under section 54F of the IT Act to the assessee. The Tribunal emphasized the common meaning of "purchase" and ruled in favor of the assessee, stating that acquiring a share in the flat did not preclude her from claiming the deduction. The Tribunal highlighted the benevolent intent of section 54F to promote house building activity and directed the Assessing Officer to allow the deduction, as the conditions for availing the benefit existed in this case. en-us Fri, 23 Jun 1995 00:00:00 +0530 Mon, 27 Dec 2010 17:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59318 The Tribunal allowed the appeal, granting the deduction under section 54F of the IT Act to the assessee. The Tribunal emphasized the common meaning of "purchase" and ruled in favor of the assessee, stating that acquiring a share in the flat did not preclude her from claiming the deduction. The Tribunal highlighted the benevolent intent of section 54F to promote house building activity and directed the Assessing Officer to allow the deduction, as the conditions for availing the benefit existed in this case. Case-Laws Income Tax Fri, 23 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59318