A family of Microsoft suites of integrated development tools for building applications for Windows, the web, mobile devices and many other platforms. Miscellaneous topics that do not fit into specific categories.
we are in need of using the Create or Alter statement for stored Procedures in TFS
TFS is just the source control system, it has not really a knowledge about your code.
So you are using Visual Studio with a "Database project"?
As the message say: In a DB project only "CREATE" statements are allowed, but not "CREATE OR ALTER".
The build process decides whether to CREATE or ALTER an object.
Remove the "...OR ALTER" from your code.