https://www.taxtmi.com/caselaws?id=70571 Section 54 relief depends on the sold house being used mainly for the assessee's own residence, and that factual requirement should be determined by the area actually under residential occupation rather than by the head under which any income from the property was assessed. The new house must be purchased for the assessee's own residence, but its subsequent use is not relevant to eligibility for exemption. The matter required fresh factual examination on the residential character of the sold property and proper consideration of the purchase requirement under section 54. en-us Mon, 25 May 1981 00:00:00 +0530 Mon, 18 Apr 2011 10:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70571 Section 54 relief depends on the sold house being used mainly for the assessee's own residence, and that factual requirement should be determined by the area actually under residential occupation rather than by the head under which any income from the property was assessed. The new house must be purchased for the assessee's own residence, but its subsequent use is not relevant to eligibility for exemption. The matter required fresh factual examination on the residential character of the sold property and proper consideration of the purchase requirement under section 54. Case-Laws Income Tax Mon, 25 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70571