https://www.taxtmi.com/caselaws?id=278106 The case involved determining whether an incomplete flat qualified as a 'residential house' for claiming exemption under section 54F of the Income Tax Act. The Commissioner of Income Tax (CIT) initially challenged the claim, but the Ld. CIT(A) allowed it. The appellate tribunal upheld the Ld. CIT(A)'s decision, ruling that the incomplete flat did not meet the criteria of a 'residential house' under section 54F. Consequently, the tribunal dismissed the Revenue's appeal and the assessee's cross objections, affirming the decision in favor of the assessee regarding the exemption under section 54F. en-us Fri, 17 Apr 2015 00:00:00 +0530 Thu, 10 Jan 2019 06:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278106 The case involved determining whether an incomplete flat qualified as a 'residential house' for claiming exemption under section 54F of the Income Tax Act. The Commissioner of Income Tax (CIT) initially challenged the claim, but the Ld. CIT(A) allowed it. The appellate tribunal upheld the Ld. CIT(A)'s decision, ruling that the incomplete flat did not meet the criteria of a 'residential house' under section 54F. Consequently, the tribunal dismissed the Revenue's appeal and the assessee's cross objections, affirming the decision in favor of the assessee regarding the exemption under section 54F. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278106