https://www.taxtmi.com/caselaws?id=392208 The Tribunal partially allowed the appeal, directing the AO to grant the exemption under section 54F of the Income Tax Act. The Tribunal upheld the AO's jurisdiction under section 153A based on non-disclosure of property details by the assessee. The matter of interest charged under section 234B was remitted to the AO for readjudication. The Tribunal concluded that the assessee was entitled to the exemption under section 54F, directing the AO to grant the exemption of Rs. 50 lakhs, considering ownership of multiple residential houses under section 54F. en-us Wed, 22 Jan 2020 00:00:00 +0530 Sat, 15 Feb 2020 13:10:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392208 The Tribunal partially allowed the appeal, directing the AO to grant the exemption under section 54F of the Income Tax Act. The Tribunal upheld the AO's jurisdiction under section 153A based on non-disclosure of property details by the assessee. The matter of interest charged under section 234B was remitted to the AO for readjudication. The Tribunal concluded that the assessee was entitled to the exemption under section 54F, directing the AO to grant the exemption of Rs. 50 lakhs, considering ownership of multiple residential houses under section 54F. Case-Laws Income Tax Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392208