https://www.taxtmi.com/caselaws?id=439089 The Tribunal allowed the appeal filed by the assessee, granting the exemption under Section 54F of the Income Tax Act. The Tribunal held that joint ownership of properties does not disqualify an assessee from claiming the exemption. The decision was based on the principle that in case of conflicting decisions, the view favorable to the assessee should be followed. The assessee successfully demonstrated that he was the exclusive owner of only one residential property, inherited from his late father, and thus qualified for the exemption. en-us Mon, 22 May 2023 00:00:00 +0530 Thu, 15 Jun 2023 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439089 The Tribunal allowed the appeal filed by the assessee, granting the exemption under Section 54F of the Income Tax Act. The Tribunal held that joint ownership of properties does not disqualify an assessee from claiming the exemption. The decision was based on the principle that in case of conflicting decisions, the view favorable to the assessee should be followed. The assessee successfully demonstrated that he was the exclusive owner of only one residential property, inherited from his late father, and thus qualified for the exemption. Case-Laws Income Tax Mon, 22 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439089