https://www.taxtmi.com/caselaws?id=345965 The Tribunal upheld the lower authorities' decisions, emphasizing adherence to statutory timelines and requirements for claiming exemptions under the IT Act. The appellant's failure to meet specified conditions for exemptions resulted in the appeal's dismissal. The AO's refusal of full exemption under section 2(14) of the IT Act, disallowance of exemptions under sections 54B and 54F, and rejection of exemption claimed under section 54F for house construction were affirmed. The appellant's arguments were dismissed based on legal interpretations and precedents, leading to the unfavorable outcome for the appellant. en-us Mon, 10 Apr 2017 00:00:00 +0530 Tue, 01 Aug 2017 09:07:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345965 The Tribunal upheld the lower authorities' decisions, emphasizing adherence to statutory timelines and requirements for claiming exemptions under the IT Act. The appellant's failure to meet specified conditions for exemptions resulted in the appeal's dismissal. The AO's refusal of full exemption under section 2(14) of the IT Act, disallowance of exemptions under sections 54B and 54F, and rejection of exemption claimed under section 54F for house construction were affirmed. The appellant's arguments were dismissed based on legal interpretations and precedents, leading to the unfavorable outcome for the appellant. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345965