https://www.taxtmi.com/caselaws?id=270919 The ITAT upheld the CIT(A)'s decision to allow exemption u/s 54F for one residential unit and dismissed the revenue's appeal. The ITAT concluded that the exemption under sections 54 and 54F was intended for investment in one single residential house only, directing the AO to allow the exemption in respect of one residential unit. en-us Thu, 29 Oct 2015 00:00:00 +0530 Wed, 20 Jan 2016 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270919 The ITAT upheld the CIT(A)'s decision to allow exemption u/s 54F for one residential unit and dismissed the revenue's appeal. The ITAT concluded that the exemption under sections 54 and 54F was intended for investment in one single residential house only, directing the AO to allow the exemption in respect of one residential unit. Case-Laws Income Tax Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270919