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

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