https://www.taxtmi.com/caselaws?id=61542 The Tribunal upheld the Assessing Officer's decision to disallow the deduction under section 54F of the Income-tax Act, 1961, as the assessee failed to provide sufficient evidence of constructing a residential house within the prescribed time frame. Despite the claim that two rooms were built, supported by letters from authorities, the Tribunal found the evidence inadequate to meet the statutory requirement. The appeal of the revenue was successful, and the exemption under section 54F was denied, emphasizing the importance of fulfilling statutory conditions for tax deductions. en-us Fri, 12 Aug 2005 00:00:00 +0530 Thu, 13 Jan 2011 12:21:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61542 The Tribunal upheld the Assessing Officer's decision to disallow the deduction under section 54F of the Income-tax Act, 1961, as the assessee failed to provide sufficient evidence of constructing a residential house within the prescribed time frame. Despite the claim that two rooms were built, supported by letters from authorities, the Tribunal found the evidence inadequate to meet the statutory requirement. The appeal of the revenue was successful, and the exemption under section 54F was denied, emphasizing the importance of fulfilling statutory conditions for tax deductions. Case-Laws Income Tax Fri, 12 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61542