Section 54F exemption cannot be denied for mere non-completion of construction by builder

Sanjeev Sarin Vs ITO (ITAT Delhi) In this case assessee has within stipulated period, made substantial investment towards purchase of new property and just because builder could not complete construction of residential house, claim of exemption under section  54F of Income Tax Act, 1961 cannot be denied. FULL TEXT OF THE ITAT JUDGMENT This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals]-13, New Delhi dated 28.02.2018 for Assessment Year 2013-14. 2. The sum and substance of the grievance of the assessee is that the CIT(A) erred in sustaining th...