https://www.taxtmi.com/caselaws?id=221334 Delhi HC upheld ITAT's decision allowing deduction under Section 54/54F for a residential house constructed with separate units on different floors. The court rejected the AO's argument that separate entrances and independent units disqualified the property from being considered "one residential house." The court held that Sections 54/54F only require the property to be for residential use, not commercial use, without mandating any specific construction manner. The physical structuring, whether lateral or vertical, cannot prevent a building from being considered a residential house for deduction purposes. en-us Thu, 21 Feb 2013 00:00:00 +0530 Mon, 19 May 2025 10:26:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221334 Delhi HC upheld ITAT's decision allowing deduction under Section 54/54F for a residential house constructed with separate units on different floors. The court rejected the AO's argument that separate entrances and independent units disqualified the property from being considered "one residential house." The court held that Sections 54/54F only require the property to be for residential use, not commercial use, without mandating any specific construction manner. The physical structuring, whether lateral or vertical, cannot prevent a building from being considered a residential house for deduction purposes. Case-Laws Income Tax Thu, 21 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221334