https://www.taxtmi.com/caselaws?id=301461 The Tribunal partially allowed the appeal, granting exemption under Section 54F for the investment in the Parsik Hill property but denying it for the NRI Complex property. The assessment of agricultural income as income from other sources was confirmed due to lack of evidence supporting agricultural activities. The decision highlights the importance of meeting specific conditions under Section 54F and providing evidence to substantiate claims of agricultural income. en-us Wed, 16 Mar 2016 00:00:00 +0530 Tue, 05 Apr 2022 21:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301461 The Tribunal partially allowed the appeal, granting exemption under Section 54F for the investment in the Parsik Hill property but denying it for the NRI Complex property. The assessment of agricultural income as income from other sources was confirmed due to lack of evidence supporting agricultural activities. The decision highlights the importance of meeting specific conditions under Section 54F and providing evidence to substantiate claims of agricultural income. Case-Laws Income Tax Wed, 16 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301461