https://www.taxtmi.com/caselaws?id=10609 The Tribunal held that the tin shed on plot No. D-10 was not a residential house and was not utilized for residence by the assessee or his parents. The new house purchased was primarily let out, not meeting the requirement for self-residence under section 54 of the Income-tax Act, 1961. Plot No. D-11 was deemed separate with no structure, thus not qualifying for exemption. Consequently, the assessee was denied exemption under section 54. The court ruled in favor of the Revenue, upholding the Tribunal's decision. en-us Thu, 10 Feb 2005 00:00:00 +0530 Mon, 20 Jul 2009 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10609 The Tribunal held that the tin shed on plot No. D-10 was not a residential house and was not utilized for residence by the assessee or his parents. The new house purchased was primarily let out, not meeting the requirement for self-residence under section 54 of the Income-tax Act, 1961. Plot No. D-11 was deemed separate with no structure, thus not qualifying for exemption. Consequently, the assessee was denied exemption under section 54. The court ruled in favor of the Revenue, upholding the Tribunal's decision. Case-Laws Income Tax Thu, 10 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10609