https://www.taxtmi.com/caselaws?id=263760 The ITAT partially allowed the appeal, holding the assessee eligible for exemption under section 54F and overturning the CIT's decision. The ITAT emphasized the absence of restrictions in the statutory provisions, affirming the right of the assessee to claim exemptions under both sections 54B and 54F. The assessment order was set aside for a de novo assessment, directing the Assessing Officer to re-examine the profit estimation and denying the exemption under section 54F. en-us Wed, 04 Mar 2015 00:00:00 +0530 Mon, 27 Jul 2015 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263760 The ITAT partially allowed the appeal, holding the assessee eligible for exemption under section 54F and overturning the CIT's decision. The ITAT emphasized the absence of restrictions in the statutory provisions, affirming the right of the assessee to claim exemptions under both sections 54B and 54F. The assessment order was set aside for a de novo assessment, directing the Assessing Officer to re-examine the profit estimation and denying the exemption under section 54F. Case-Laws Income Tax Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263760