https://www.taxtmi.com/caselaws?id=203915 HC dismissed the appeal, holding that four residential flats in a single building qualify as "a residential house" for the purposes of section 54, so profit reinvested in those flats attracted exemption from capital gains tax. The court ruled the indefinite article "a" need not be read as singular in isolation and, read with "buildings" and "lands" and section 13(2) of the General Clauses Act, permits plural acquisition. Consequently the Tribunal and appellate authority were right to deny capital gains liability and no substantial question of law arose. en-us Fri, 27 Aug 2010 00:00:00 +0530 Thu, 23 Jul 2026 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203915 HC dismissed the appeal, holding that four residential flats in a single building qualify as "a residential house" for the purposes of section 54, so profit reinvested in those flats attracted exemption from capital gains tax. The court ruled the indefinite article "a" need not be read as singular in isolation and, read with "buildings" and "lands" and section 13(2) of the General Clauses Act, permits plural acquisition. Consequently the Tribunal and appellate authority were right to deny capital gains liability and no substantial question of law arose. Case-Laws Income Tax Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203915