https://www.taxtmi.com/caselaws?id=208695 The Department's appeal against the allowance of exemption under section 54F for purchasing two residential properties was dismissed. The Commissioner of Income-tax (Appeals) upheld the assessee's eligibility for deduction, considering the two properties as constituting one residential unit based on the physical layout and confirmation from the developer. The judgment highlighted the significance of the properties forming a single unit and the intention behind the purchase in determining eligibility for deductions under section 54F. The decision emphasized the importance of physical characteristics and intent in such cases. en-us Thu, 06 May 2010 00:00:00 +0530 Thu, 30 May 2013 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208695 The Department's appeal against the allowance of exemption under section 54F for purchasing two residential properties was dismissed. The Commissioner of Income-tax (Appeals) upheld the assessee's eligibility for deduction, considering the two properties as constituting one residential unit based on the physical layout and confirmation from the developer. The judgment highlighted the significance of the properties forming a single unit and the intention behind the purchase in determining eligibility for deductions under section 54F. The decision emphasized the importance of physical characteristics and intent in such cases. Case-Laws Income Tax Thu, 06 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208695