https://www.taxtmi.com/caselaws?id=433937 The appeal was dismissed as the assessee's claims for deductions under sections 54 and 54F of the Income Tax Act were found ineligible. The properties sold did not qualify as residential houses, leading to the disallowance of deductions. Additionally, the assessee owned more than one residential house at the time of the original asset's transfer, further disqualifying them from claiming deductions. The appeal was also time-barred, filed after a significant delay without a valid explanation, resulting in its dismissal on procedural grounds. en-us Tue, 24 Jan 2023 00:00:00 +0530 Tue, 14 Feb 2023 08:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433937 The appeal was dismissed as the assessee's claims for deductions under sections 54 and 54F of the Income Tax Act were found ineligible. The properties sold did not qualify as residential houses, leading to the disallowance of deductions. Additionally, the assessee owned more than one residential house at the time of the original asset's transfer, further disqualifying them from claiming deductions. The appeal was also time-barred, filed after a significant delay without a valid explanation, resulting in its dismissal on procedural grounds. Case-Laws Income Tax Tue, 24 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433937