https://www.taxtmi.com/caselaws?id=296041 Section 54F relief in a joint development agreement can extend to multiple flats received as part of one residential development transaction, so the assessee was entitled to exemption for all three flats received against the transfer. The Tribunal also applied the rule that the bar on a fresh claim without a revised return binds the Assessing Officer, but does not prevent the appellate authority from entertaining a legitimate claim raised in appeal, so the objection based on omission before the Assessing Officer failed. The revenue challenge was therefore rejected and the exemption was sustained. en-us Fri, 07 Apr 2017 00:00:00 +0530 Fri, 02 Jul 2021 08:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296041 Section 54F relief in a joint development agreement can extend to multiple flats received as part of one residential development transaction, so the assessee was entitled to exemption for all three flats received against the transfer. The Tribunal also applied the rule that the bar on a fresh claim without a revised return binds the Assessing Officer, but does not prevent the appellate authority from entertaining a legitimate claim raised in appeal, so the objection based on omission before the Assessing Officer failed. The revenue challenge was therefore rejected and the exemption was sustained. Case-Laws Income Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296041