https://www.taxtmi.com/caselaws?id=414455 The Tribunal concluded that the assessee was not eligible for exemption under section 54F as he owned more than one residential property on the date of transfer. The AO did not exceed his jurisdiction under set-aside proceedings. The appeal was partly allowed, affirming the disallowance of exemptions under sections 54 and 54F. The Tribunal emphasized that the revenue should provide the rightful claim available under the law, even if the assessee did not claim it due to ignorance. en-us Thu, 30 Sep 2021 00:00:00 +0530 Tue, 09 Nov 2021 08:30:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414455 The Tribunal concluded that the assessee was not eligible for exemption under section 54F as he owned more than one residential property on the date of transfer. The AO did not exceed his jurisdiction under set-aside proceedings. The appeal was partly allowed, affirming the disallowance of exemptions under sections 54 and 54F. The Tribunal emphasized that the revenue should provide the rightful claim available under the law, even if the assessee did not claim it due to ignorance. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414455