https://www.taxtmi.com/caselaws?id=70501 The Tribunal upheld the dismissal of the assessee's appeal regarding eligibility for the rebate under section 88 for investment in property. The assessee, not being a shareholder of the company, Ankur Housing Investments, did not meet the requirements specified in section 88(2)(xv). The Tribunal emphasized the necessity of fulfilling the conditions, such as being a shareholder or member of the company or co-operative society, to claim the rebate. The decision underscores the importance of precise statutory interpretation in tax matters and adherence to the specified criteria for claiming tax rebates. en-us Fri, 09 Jul 1999 00:00:00 +0530 Sat, 16 Apr 2011 14:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70501 The Tribunal upheld the dismissal of the assessee's appeal regarding eligibility for the rebate under section 88 for investment in property. The assessee, not being a shareholder of the company, Ankur Housing Investments, did not meet the requirements specified in section 88(2)(xv). The Tribunal emphasized the necessity of fulfilling the conditions, such as being a shareholder or member of the company or co-operative society, to claim the rebate. The decision underscores the importance of precise statutory interpretation in tax matters and adherence to the specified criteria for claiming tax rebates. Case-Laws Income Tax Fri, 09 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70501