https://www.taxtmi.com/caselaws?id=69622 The Tribunal upheld the AAC's decision, granting relief under section 54 of the Income-tax Act for the entire capital gains from the property sale, treating the building and surrounding land as one unit. The Tribunal rejected the application of Urban Land Ceiling Legislation norms, emphasizing that the land must be integral to the building to qualify for relief. The revenue's appeal was dismissed, clarifying that section 54 encompasses both the building and appurtenant land for relief purposes. en-us Tue, 25 Aug 1981 00:00:00 +0530 Mon, 11 Apr 2011 10:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69622 The Tribunal upheld the AAC's decision, granting relief under section 54 of the Income-tax Act for the entire capital gains from the property sale, treating the building and surrounding land as one unit. The Tribunal rejected the application of Urban Land Ceiling Legislation norms, emphasizing that the land must be integral to the building to qualify for relief. The revenue's appeal was dismissed, clarifying that section 54 encompasses both the building and appurtenant land for relief purposes. Case-Laws Income Tax Tue, 25 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69622