https://www.taxtmi.com/caselaws?id=246898 The Tribunal ruled in favor of the assessee, allowing the claim for relief under S.54F of the Act. It held that the property was originally acquired for residential purposes, entitling the assessee to the exemption. The Tribunal also directed the Assessing Officer to reexamine the treatment of the entire sale consideration as capital gains if the relief under S.54F was not granted. The appeal was allowed for statistical purposes, and the matter was remanded for further assessment. en-us Tue, 21 Jan 2014 00:00:00 +0530 Fri, 25 Apr 2014 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246898 The Tribunal ruled in favor of the assessee, allowing the claim for relief under S.54F of the Act. It held that the property was originally acquired for residential purposes, entitling the assessee to the exemption. The Tribunal also directed the Assessing Officer to reexamine the treatment of the entire sale consideration as capital gains if the relief under S.54F was not granted. The appeal was allowed for statistical purposes, and the matter was remanded for further assessment. Case-Laws Income Tax Tue, 21 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246898