Taxpayer Wins Appeal: Section 54 Deduction Allowed Despite Missing Occupation Certificate with Adequate Construction Proof Provided.

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....LTCG - Benefit of deduction u/s. 54 denied - CIT(Appeals) has gone by the fact that there was absence of Occupation Certificate but this will not be a ground to deny the claim of assessee for deduction u/s. 54 of the Act, as other evidence filed by the assessee sufficiently demonstrates that assessee has constructed a residential house within the period of stipulated by law. - AT....