https://www.taxtmi.com/caselaws?id=273392 The Tribunal partly allowed the assessee's appeal, directing the assessing authority to make a proportionate disallowance based on the violation of specified dimensions in the Act. The Tribunal found that the transfer of residential units occurred before the relevant amendment with prospective effect, rendering the disallowance invalid. The disallowance was to apply only to profits derived from residential units exceeding specified dimensions. en-us Fri, 27 Feb 2015 00:00:00 +0530 Fri, 22 Jun 2018 21:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273392 The Tribunal partly allowed the assessee's appeal, directing the assessing authority to make a proportionate disallowance based on the violation of specified dimensions in the Act. The Tribunal found that the transfer of residential units occurred before the relevant amendment with prospective effect, rendering the disallowance invalid. The disallowance was to apply only to profits derived from residential units exceeding specified dimensions. Case-Laws Income Tax Fri, 27 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273392