https://www.taxtmi.com/caselaws?id=186208 The Tribunal upheld the assessee's eligibility for exemption under section 54F of the IT Act for constructing a new building on a property. The Tribunal agreed with the Ld. Commissioner's decision that the assessee could claim deduction for all floors of the new building. However, the Tribunal ruled in favor of the Revenue regarding the addition of portfolio management fees, partially allowing the Revenue's appeal. The decision was issued on 07/6/2011 after the hearing. en-us Tue, 07 Jun 2011 00:00:00 +0530 Wed, 12 Apr 2023 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186208 The Tribunal upheld the assessee's eligibility for exemption under section 54F of the IT Act for constructing a new building on a property. The Tribunal agreed with the Ld. Commissioner's decision that the assessee could claim deduction for all floors of the new building. However, the Tribunal ruled in favor of the Revenue regarding the addition of portfolio management fees, partially allowing the Revenue's appeal. The decision was issued on 07/6/2011 after the hearing. Case-Laws Income Tax Tue, 07 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186208