https://www.taxtmi.com/caselaws?id=181119 The Tribunal upheld the AO's decision, denying the assessee's claim for exemption under section 54 of the IT Act for the properties in question. The Tribunal found insufficient evidence of residential structures and deemed the claimed development charges improbable. The Revenue's appeal was allowed, and the assessee's appeal was dismissed, affirming that the assessee is not entitled to the exemption sought. en-us Fri, 19 Jun 2009 00:00:00 +0530 Thu, 07 Apr 2016 17:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181119 The Tribunal upheld the AO's decision, denying the assessee's claim for exemption under section 54 of the IT Act for the properties in question. The Tribunal found insufficient evidence of residential structures and deemed the claimed development charges improbable. The Revenue's appeal was allowed, and the assessee's appeal was dismissed, affirming that the assessee is not entitled to the exemption sought. Case-Laws Income Tax Fri, 19 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181119