https://www.taxtmi.com/caselaws?id=410058 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee did not provide adequate documentary evidence to support the claim that the villas were semi-finished and not habitable. Consequently, the appeal was dismissed, affirming that the assessee was ineligible for the exemption under Section 54F of the Income Tax Act. The case highlighted the importance of concrete documentary proof to validate property condition claims for tax exemption purposes. en-us Tue, 20 Jul 2021 00:00:00 +0530 Fri, 23 Jul 2021 08:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410058 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee did not provide adequate documentary evidence to support the claim that the villas were semi-finished and not habitable. Consequently, the appeal was dismissed, affirming that the assessee was ineligible for the exemption under Section 54F of the Income Tax Act. The case highlighted the importance of concrete documentary proof to validate property condition claims for tax exemption purposes. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410058