Section 54F- exemption for reinvestment in residential house property will not be withdrawn or denied if subsequently residential property is used for non residential purposes- one must be careful in making claims. https://www.taxtmi.com/article/detailed?id=5588 Exemption under Section 54F requires investment in a residential house; if the property was a residential house at the time of reinvestment and other conditions are met, subsequent temporary or permanent non residential use does not by itself defeat the exemption, though the assessing officer must examine facts to verify bona fide residential character at the time of investment. en-us Sat, 26 Apr 2014 16:42:37 +0530 Sat, 26 Apr 2014 16:42:37 +0530 TaxTMI RSS Generator Section 54F- exemption for reinvestment in residential house property will not be withdrawn or denied if subsequently residential property is used for non residential purposes- one must be careful in making claims. https://www.taxtmi.com/article/detailed?id=5588 Exemption under Section 54F requires investment in a residential house; if the property was a residential house at the time of reinvestment and other conditions are met, subsequent temporary or permanent non residential use does not by itself defeat the exemption, though the assessing officer must examine facts to verify bona fide residential character at the time of investment. Articles Income Tax Sat, 26 Apr 2014 16:42:37 +0530 https://www.taxtmi.com/article/detailed?id=5588