https://www.taxtmi.com/caselaws?id=17647 The Appellate Tribunal confirmed the deletion of capital gains arising from the sale of lands not treated as appurtenant to the building. It held that the entire land should be considered appurtenant to the building for the purpose of exemption under section 54 of the Income-tax Act. The Tribunal found that the vacant land surrounding the main building was appurtenant due to various constructions and facilities present, concluding that no part of the land could be separated. The High Court upheld the Tribunal's decision, emphasizing the importance of factual analysis and historical context in determining the relationship between land and the main building. en-us Thu, 18 Jul 1996 00:00:00 +0530 Wed, 23 Sep 2009 18:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17647 The Appellate Tribunal confirmed the deletion of capital gains arising from the sale of lands not treated as appurtenant to the building. It held that the entire land should be considered appurtenant to the building for the purpose of exemption under section 54 of the Income-tax Act. The Tribunal found that the vacant land surrounding the main building was appurtenant due to various constructions and facilities present, concluding that no part of the land could be separated. The High Court upheld the Tribunal's decision, emphasizing the importance of factual analysis and historical context in determining the relationship between land and the main building. Case-Laws Income Tax Thu, 18 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17647