https://www.taxtmi.com/caselaws?id=208729 The case involved an appeal by the revenue and a cross-objection by the assessee regarding the allowance of exemption under section 54F for the second property purchased. The Assessing Officer had restricted the exemption to the first plot, but the CIT(A) allowed deduction for the second plot. The Tribunal held that there is no restriction on investment in land appurtenant to the building under section 54F, and the investment in both plots was eligible for exemption. The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal and allowing the assessee's cross-objection. en-us Mon, 31 Aug 2009 00:00:00 +0530 Wed, 29 Jun 2016 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208729 The case involved an appeal by the revenue and a cross-objection by the assessee regarding the allowance of exemption under section 54F for the second property purchased. The Assessing Officer had restricted the exemption to the first plot, but the CIT(A) allowed deduction for the second plot. The Tribunal held that there is no restriction on investment in land appurtenant to the building under section 54F, and the investment in both plots was eligible for exemption. The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal and allowing the assessee's cross-objection. Case-Laws Income Tax Mon, 31 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208729