https://www.taxtmi.com/caselaws?id=434188 The Tribunal upheld the Assessing Officer's decision to disallow certain deductions under section 54 of the Income Tax Act for a non-resident assessee who failed to prove the independence of specific floors in a new property. The Tribunal also agreed with the restriction of exemption claimed by the assessee to only one residential floor based on legislative amendments. However, the Tribunal directed the Assessing Officer to include certain improvement expenses in the cost calculation, providing partial relief to the assessee in the appeal against the assessment order. en-us Wed, 15 Feb 2023 00:00:00 +0530 Wed, 10 May 2023 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434188 The Tribunal upheld the Assessing Officer's decision to disallow certain deductions under section 54 of the Income Tax Act for a non-resident assessee who failed to prove the independence of specific floors in a new property. The Tribunal also agreed with the restriction of exemption claimed by the assessee to only one residential floor based on legislative amendments. However, the Tribunal directed the Assessing Officer to include certain improvement expenses in the cost calculation, providing partial relief to the assessee in the appeal against the assessment order. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434188