https://www.taxtmi.com/caselaws?id=176479 The Tribunal allowed the assessee's appeals, holding that the initiation of proceedings under Section 153C was invalid, the exemption under Section 54 was wrongly denied, and the documents considered as incriminating material did not meet the necessary criteria. The Tribunal emphasized that the assessee's investment in the new property qualified for the exemption under Section 54, and the proceedings initiated under Section 153C were not maintainable. en-us Wed, 05 Mar 2014 00:00:00 +0530 Wed, 23 Dec 2015 21:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176479 The Tribunal allowed the assessee's appeals, holding that the initiation of proceedings under Section 153C was invalid, the exemption under Section 54 was wrongly denied, and the documents considered as incriminating material did not meet the necessary criteria. The Tribunal emphasized that the assessee's investment in the new property qualified for the exemption under Section 54, and the proceedings initiated under Section 153C were not maintainable. Case-Laws Income Tax Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176479