https://www.taxtmi.com/caselaws?id=790240 Actual residential use of the relevant portion of a property may support exemption on transfer under sections 54 and 54F even where the sale deed describes the asset as commercial, if records show mixed commercial and residential use and the sale consideration can be apportioned between the portions. Where a taxpayer has invested the consideration in another residential property, the residential exemption may apply to the residential component. For a purchase-value addition based on stamp valuation under section 56(2)(vii), if the valuation is disputed, reference to the Departmental Valuation Officer is the proper course before any addition is sustained; otherwise, the valuation requires fresh determination. en-us Fri, 17 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790240 Actual residential use of the relevant portion of a property may support exemption on transfer under sections 54 and 54F even where the sale deed describes the asset as commercial, if records show mixed commercial and residential use and the sale consideration can be apportioned between the portions. Where a taxpayer has invested the consideration in another residential property, the residential exemption may apply to the residential component. For a purchase-value addition based on stamp valuation under section 56(2)(vii), if the valuation is disputed, reference to the Departmental Valuation Officer is the proper course before any addition is sustained; otherwise, the valuation requires fresh determination. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790240