https://www.taxtmi.com/caselaws?id=174382 The Tribunal dismissed the revenue's appeal and upheld the decision of the CIT(A) to allow the deduction under section 54 for both flats purchased by the assessee, considering them as a single residential unit. The Tribunal emphasized that the intention of the assessee to purchase two flats as one unit should be considered for granting the exemption under section 54, based on precedents supporting the assessee's claim. en-us Tue, 30 Aug 2011 00:00:00 +0530 Wed, 07 Oct 2015 16:01:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174382 The Tribunal dismissed the revenue's appeal and upheld the decision of the CIT(A) to allow the deduction under section 54 for both flats purchased by the assessee, considering them as a single residential unit. The Tribunal emphasized that the intention of the assessee to purchase two flats as one unit should be considered for granting the exemption under section 54, based on precedents supporting the assessee's claim. Case-Laws Income Tax Tue, 30 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174382