https://www.taxtmi.com/caselaws?id=268634 The ITAT dismissed all seven appeals by the Revenue, upholding the allowance of deduction under S.54F for all flats received by the assessee in the development agreement. The decision clarified that a residential house could include multiple flats based on the percentage of built-up area, not the number of units received. The ITAT relied on binding precedents and judicial interpretations to support the assessee's claim for exemption under S.54F for all units received. en-us Thu, 19 Nov 2015 00:00:00 +0530 Mon, 30 Nov 2015 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268634 The ITAT dismissed all seven appeals by the Revenue, upholding the allowance of deduction under S.54F for all flats received by the assessee in the development agreement. The decision clarified that a residential house could include multiple flats based on the percentage of built-up area, not the number of units received. The ITAT relied on binding precedents and judicial interpretations to support the assessee's claim for exemption under S.54F for all units received. Case-Laws Income Tax Thu, 19 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268634