https://www.taxtmi.com/caselaws?id=58316 The Tribunal affirmed that selling a part of a residential house does not qualify for exemption u/s. 53 of the Act, which requires the transfer of the entire house. The legislative intent behind the provision is to provide concessions to individuals changing their residential property, not to allow annual selling of house parts to evade tax. Therefore, the Tribunal dismissed the appeal, supporting the decision of the I.T. authorities to deny the exemption claim. en-us Thu, 13 Jun 1991 00:00:00 +0530 Sat, 18 Dec 2010 14:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58316 The Tribunal affirmed that selling a part of a residential house does not qualify for exemption u/s. 53 of the Act, which requires the transfer of the entire house. The legislative intent behind the provision is to provide concessions to individuals changing their residential property, not to allow annual selling of house parts to evade tax. Therefore, the Tribunal dismissed the appeal, supporting the decision of the I.T. authorities to deny the exemption claim. Case-Laws Income Tax Thu, 13 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58316