https://www.taxtmi.com/caselaws?id=395400 The Tribunal allowed the appellant's appeal, setting aside the lower authorities' orders, regarding the exemption claimed under Section 54F of the Income Tax Act, 1961 for the assessment year 2015-16. The appellant successfully argued that the vacant site purchased adjacent to the residential house was necessary for convenient enjoyment of the building, making them eligible for the exemption. The Tribunal agreed that the vacant site was appurtenant to the residential house, directing the Assessing Officer to allow the claim under Section 54F of the Act. en-us Wed, 19 Feb 2020 00:00:00 +0530 Wed, 20 May 2020 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395400 The Tribunal allowed the appellant's appeal, setting aside the lower authorities' orders, regarding the exemption claimed under Section 54F of the Income Tax Act, 1961 for the assessment year 2015-16. The appellant successfully argued that the vacant site purchased adjacent to the residential house was necessary for convenient enjoyment of the building, making them eligible for the exemption. The Tribunal agreed that the vacant site was appurtenant to the residential house, directing the Assessing Officer to allow the claim under Section 54F of the Act. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395400