https://www.taxtmi.com/caselaws?id=236184 The Tribunal partially allowed the appellant's appeal, affirming the adjustment of the sale consideration based on construction costs. It permitted the appellant to claim exemption under section 54F on all five flats received, contrary to the Assessing Officer's decision to restrict the claim to a single flat. The Tribunal emphasized that owning multiple residential houses would not disqualify the claim unless another house was acquired within a year before the transfer, ultimately ruling in favor of the appellant. en-us Thu, 07 Mar 2013 00:00:00 +0530 Sat, 17 Aug 2013 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236184 The Tribunal partially allowed the appellant's appeal, affirming the adjustment of the sale consideration based on construction costs. It permitted the appellant to claim exemption under section 54F on all five flats received, contrary to the Assessing Officer's decision to restrict the claim to a single flat. The Tribunal emphasized that owning multiple residential houses would not disqualify the claim unless another house was acquired within a year before the transfer, ultimately ruling in favor of the appellant. Case-Laws Income Tax Thu, 07 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236184