https://www.taxtmi.com/caselaws?id=258080 The tribunal upheld the CIT(A)'s decision, confirming the assessee's entitlement to exemption under section 54F of the Income Tax Act. It was determined that the date of possession, not the date of the agreement, is crucial for claiming the exemption. The tribunal also supported the interpretation that investment in two adjacent flats, considered as a single residential unit, is eligible for the exemption under section 54F. As a result, the Revenue's appeals were dismissed. en-us Wed, 18 Mar 2015 00:00:00 +0530 Tue, 31 Mar 2015 06:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258080 The tribunal upheld the CIT(A)'s decision, confirming the assessee's entitlement to exemption under section 54F of the Income Tax Act. It was determined that the date of possession, not the date of the agreement, is crucial for claiming the exemption. The tribunal also supported the interpretation that investment in two adjacent flats, considered as a single residential unit, is eligible for the exemption under section 54F. As a result, the Revenue's appeals were dismissed. Case-Laws Income Tax Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258080