Assessee denied Section 54F tax deduction; two flats leased as one unit don't qualify as single purchase.

Assessee denied Section 54F tax deduction; two flats leased as one unit don't qualify as single purchase. https://www.taxtmi.com/highlights?id=3854 Exemption / deduction u/d 54F - assessee has purchased two separate flats under two separate agreements - Merely because the assessee has let out the two flats to one person for use as a single unit, the same, in our opinion, cannot entitle the assessee to claim benefit of deduction u/s 54F of the Act. - AT en-us Sat, 26 May 2012 10:08:25 +0530 Sat, 26 May 2012 10:08:25 +0530 TaxTMI RSS Generator Assessee denied Section 54F tax deduction; two flats leased as one unit don't qualify as single purchase. https://www.taxtmi.com/highlights?id=3854 Exemption / deduction u/d 54F - assessee has purchased two separate flats under two separate agreements - Merely because the assessee has let out the two flats to one person for use as a single unit, the same, in our opinion, cannot entitle the assessee to claim benefit of deduction u/s 54F of the Act. - AT Highlights Income Tax Sat, 26 May 2012 10:08:25 +0530 https://www.taxtmi.com/highlights?id=3854