https://www.taxtmi.com/caselaws?id=66682 The Tribunal allowed the assessee's appeal, ruling that the denial of exemption under section 54F was unwarranted. The orders of the Revenue authorities were overturned, and the addition of Rs. 9,06,652 as capital gains was removed. The Tribunal determined that the first floor was not a distinct residential house but an extension of the ground floor, emphasizing factors like shared municipal number and lack of separate access. en-us Thu, 24 Apr 2003 00:00:00 +0530 Sat, 05 Mar 2011 16:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66682 The Tribunal allowed the assessee's appeal, ruling that the denial of exemption under section 54F was unwarranted. The orders of the Revenue authorities were overturned, and the addition of Rs. 9,06,652 as capital gains was removed. The Tribunal determined that the first floor was not a distinct residential house but an extension of the ground floor, emphasizing factors like shared municipal number and lack of separate access. Case-Laws Income Tax Thu, 24 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66682