https://www.taxtmi.com/caselaws?id=256451 ITAT (Hyd.) held that a newly constructed flat by a developer qualifies as a "residential house" for exemption under section 54F. Advance payments toward such flat also attract the exemption. The tribunal directed the AO to verify the exact amount invested by the assessee up to 12.9.2011 and allow the claim under section 54F accordingly. Appeal decided in favour of the assessee for statistical purposes. en-us Wed, 31 Dec 2014 00:00:00 +0530 Wed, 01 Oct 2025 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256451 ITAT (Hyd.) held that a newly constructed flat by a developer qualifies as a "residential house" for exemption under section 54F. Advance payments toward such flat also attract the exemption. The tribunal directed the AO to verify the exact amount invested by the assessee up to 12.9.2011 and allow the claim under section 54F accordingly. Appeal decided in favour of the assessee for statistical purposes. Case-Laws Income Tax Wed, 31 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256451