https://www.taxtmi.com/caselaws?id=345964 The Tribunal allowed the assessee's appeal partially, upholding the exemption under Section 54 for two properties totaling Rs. 7,547,650. The Tribunal found in favor of the assessee regarding the applicability of the amendment under Section 54 for exemption on multiple properties, citing precedents supporting the assessee's position. The order passed by the CIT(A) was challenged successfully, with grounds 2 and 3 being upheld. The levy of interest under Sections 234B and 234C was confirmed but not extensively addressed due to the favorable decision on the main exemption issue. en-us Mon, 10 Apr 2017 00:00:00 +0530 Tue, 01 Aug 2017 00:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345964 The Tribunal allowed the assessee's appeal partially, upholding the exemption under Section 54 for two properties totaling Rs. 7,547,650. The Tribunal found in favor of the assessee regarding the applicability of the amendment under Section 54 for exemption on multiple properties, citing precedents supporting the assessee's position. The order passed by the CIT(A) was challenged successfully, with grounds 2 and 3 being upheld. The levy of interest under Sections 234B and 234C was confirmed but not extensively addressed due to the favorable decision on the main exemption issue. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345964