https://www.taxtmi.com/caselaws?id=181614 The High Court dismissed the appeal concerning the interpretation of exemption under section 54F for two residential houses. The court found no substantial question of law and upheld the Tribunal's decision to remand the matter for verification by the Assessing Officer regarding the investment source and usage of the two flats as one residential house. If confirmed that both flats are used as one residential house and the investment was made by the Assessee, exemption under section 54F should be allowed for both flats. en-us Wed, 10 Dec 2008 00:00:00 +0530 Wed, 20 Apr 2016 17:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181614 The High Court dismissed the appeal concerning the interpretation of exemption under section 54F for two residential houses. The court found no substantial question of law and upheld the Tribunal's decision to remand the matter for verification by the Assessing Officer regarding the investment source and usage of the two flats as one residential house. If confirmed that both flats are used as one residential house and the investment was made by the Assessee, exemption under section 54F should be allowed for both flats. Case-Laws Income Tax Wed, 10 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181614