https://www.taxtmi.com/caselaws?id=341149 For section 54F, a structure counts as a residential house only if it is shown to be capable of livable residential use; because the record was insufficient to determine whether the Ooty property was merely an outhouse or a second residence, the exemption claim was remitted for fresh verification. The claimed cost of improvement for the sold property was also sent back for reconsideration, as the assessee had asserted construction of a compound wall and gate but had not fully substantiated the expenditure, and the matter was remitted for verification after giving an opportunity to produce supporting material. en-us Fri, 31 Mar 2017 00:00:00 +0530 Mon, 03 Apr 2017 07:28:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341149 For section 54F, a structure counts as a residential house only if it is shown to be capable of livable residential use; because the record was insufficient to determine whether the Ooty property was merely an outhouse or a second residence, the exemption claim was remitted for fresh verification. The claimed cost of improvement for the sold property was also sent back for reconsideration, as the assessee had asserted construction of a compound wall and gate but had not fully substantiated the expenditure, and the matter was remitted for verification after giving an opportunity to produce supporting material. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341149