No denial of sec. 54 relief if builder failed to complete construction within 3 years: HC

Where AO rejected assessee's claim for deduction under sec. 54 on ground that construction of new property was not completed within a period of three years as prescribed in section 54, in view of fact that delay was beyond control of assessee because construction was put up by builder, impugned order passed by Tribunal allowing assessee's claim was to be upheld

IT: Accumulated balance lying in provident fund of assessee upto retirement is eligible for exemption under section 10(12)

Refer:[2019] 101 taxmann.com 114 (Karnataka)