https://www.taxtmi.com/caselaws?id=433818 The Tribunal upheld the decision to deny the deduction claim under Section 54F of the Income Tax Act, ruling that the assessee failed to prove the commercial nature of the properties. The Tribunal emphasized the significance of proper classification and evidence in determining tax deduction eligibility, dismissing the appeal based on the lack of sufficient proof provided by the assessee. en-us Wed, 25 Jan 2023 00:00:00 +0530 Fri, 10 Feb 2023 09:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433818 The Tribunal upheld the decision to deny the deduction claim under Section 54F of the Income Tax Act, ruling that the assessee failed to prove the commercial nature of the properties. The Tribunal emphasized the significance of proper classification and evidence in determining tax deduction eligibility, dismissing the appeal based on the lack of sufficient proof provided by the assessee. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433818