https://www.taxtmi.com/caselaws?id=12257 The court held that the assessees were entitled to exemption under Section 54 of the Income-tax Act. The conditions of ownership and usage for residential purposes were met, as the property was used by the assessees in their own right. The court affirmed the Appellate Tribunal's decision, rejecting the Commissioner's view and ruling in favor of the assessees. The common question of law was answered in the affirmative, favoring the assessees and against the Revenue, with no costs awarded. en-us Tue, 30 Jul 2002 00:00:00 +0530 Sat, 20 Feb 2010 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12257 The court held that the assessees were entitled to exemption under Section 54 of the Income-tax Act. The conditions of ownership and usage for residential purposes were met, as the property was used by the assessees in their own right. The court affirmed the Appellate Tribunal's decision, rejecting the Commissioner's view and ruling in favor of the assessees. The common question of law was answered in the affirmative, favoring the assessees and against the Revenue, with no costs awarded. Case-Laws Income Tax Tue, 30 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12257