https://www.taxtmi.com/caselaws?id=264810 The High Court upheld the Tribunal's decision, ruling that the conversion of two adjacent residential flats into a single unit qualified for exemption under section 54F of the Income Tax Act. The Court emphasized the functional use of the combined flats as a single residence, outweighing factors like separate kitchens and bills. The decision aligned with the precedent set in the case of Ms. Sushila M. Jhaveri, establishing that adjoining residential units merged into one house could be considered a single residential unit for tax exemption purposes. en-us Tue, 15 Sep 2015 00:00:00 +0530 Sat, 03 Oct 2015 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264810 The High Court upheld the Tribunal's decision, ruling that the conversion of two adjacent residential flats into a single unit qualified for exemption under section 54F of the Income Tax Act. The Court emphasized the functional use of the combined flats as a single residence, outweighing factors like separate kitchens and bills. The decision aligned with the precedent set in the case of Ms. Sushila M. Jhaveri, establishing that adjoining residential units merged into one house could be considered a single residential unit for tax exemption purposes. Case-Laws Income Tax Tue, 15 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264810