https://www.taxtmi.com/caselaws?id=14664 The High Court of Delhi upheld the Tribunal's decision allowing exemption u/s 23(1)(b)(ii) of the Income-tax Act, 1961 for a property in Green Park Extension, New Delhi. The Court emphasized that the building was constructed as a residential unit in a residential area, despite temporary office use. It highlighted the importance of the constructor's intention at the time of erection and construed exemption provisions strictly, with the burden on the taxpayer to prove entitlement. The Court differentiated the case from a Calcutta High Court decision and ruled in favor of the assessee, affirming the exemption claim against the Revenue's challenge. en-us Mon, 24 Jul 2000 00:00:00 +0530 Fri, 17 Jul 2009 18:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14664 The High Court of Delhi upheld the Tribunal's decision allowing exemption u/s 23(1)(b)(ii) of the Income-tax Act, 1961 for a property in Green Park Extension, New Delhi. The Court emphasized that the building was constructed as a residential unit in a residential area, despite temporary office use. It highlighted the importance of the constructor's intention at the time of erection and construed exemption provisions strictly, with the burden on the taxpayer to prove entitlement. The Court differentiated the case from a Calcutta High Court decision and ruled in favor of the assessee, affirming the exemption claim against the Revenue's challenge. Case-Laws Income Tax Mon, 24 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14664