https://www.taxtmi.com/caselaws?id=204125 The Tribunal upheld the disallowance of exemption under Section 54 of the Income Tax Act for the additional residential flats claimed by the assessee. The Tribunal also rejected the additional ground raised by the assessee regarding the sale of multiple residential units, stating that the new claim was not admissible as it was raised for the first time at the appellate stage and lacked merit based on the existing record. The appeal was dismissed in favor of the tax authorities. en-us Wed, 20 Oct 2010 00:00:00 +0530 Tue, 05 Jul 2011 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204125 The Tribunal upheld the disallowance of exemption under Section 54 of the Income Tax Act for the additional residential flats claimed by the assessee. The Tribunal also rejected the additional ground raised by the assessee regarding the sale of multiple residential units, stating that the new claim was not admissible as it was raised for the first time at the appellate stage and lacked merit based on the existing record. The appeal was dismissed in favor of the tax authorities. Case-Laws Income Tax Wed, 20 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204125