https://www.taxtmi.com/caselaws?id=119502 The Appellate Tribunal upheld the assessee's entitlement to exemption under section 54F of the Income-tax Act for both Assessment Years 1997-98 and 1998-99. Despite possession of properties taxable as 'Income from house property,' the Tribunal found the properties did not qualify as residential houses, thus allowing the exemptions. The Tribunal considered evidence including lease agreements and letters from the lessee, determining the assessee did not own taxable residential properties and therefore qualified for the exemptions. en-us Wed, 25 Apr 2007 00:00:00 +0530 Wed, 11 Jul 2012 14:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119502 The Appellate Tribunal upheld the assessee's entitlement to exemption under section 54F of the Income-tax Act for both Assessment Years 1997-98 and 1998-99. Despite possession of properties taxable as 'Income from house property,' the Tribunal found the properties did not qualify as residential houses, thus allowing the exemptions. The Tribunal considered evidence including lease agreements and letters from the lessee, determining the assessee did not own taxable residential properties and therefore qualified for the exemptions. Case-Laws Income Tax Wed, 25 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119502