https://www.taxtmi.com/caselaws?id=349995 The tribunal allowed the appeal of the assessee, directing the Assessing Officer to grant the exemption under section 54 of the Income Tax Act and the benefit of indexation on the cost of improvement as claimed by the assessee. The judgment emphasized the importance of accurately computing income and adhering to the provisions of the Income Tax Act. en-us Mon, 16 Oct 2017 00:00:00 +0530 Sat, 28 Oct 2017 08:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349995 The tribunal allowed the appeal of the assessee, directing the Assessing Officer to grant the exemption under section 54 of the Income Tax Act and the benefit of indexation on the cost of improvement as claimed by the assessee. The judgment emphasized the importance of accurately computing income and adhering to the provisions of the Income Tax Act. Case-Laws Income Tax Mon, 16 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349995