https://www.taxtmi.com/caselaws?id=181988 SC upheld HC and allowed the deduction under Sections 54/54F to the assessee. The Court held that the statutory requirement is only that the property be for residential and not commercial use; there is no mandate about physical construction or configuration. Whether a house is built vertically or consists of several independent units with separate entrances does not defeat its character as a residential house. Revenue cannot deny the deduction merely because the new residence contains multiple independent units. en-us Fri, 29 Aug 2014 00:00:00 +0530 Mon, 01 Sep 2025 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181988 SC upheld HC and allowed the deduction under Sections 54/54F to the assessee. The Court held that the statutory requirement is only that the property be for residential and not commercial use; there is no mandate about physical construction or configuration. Whether a house is built vertically or consists of several independent units with separate entrances does not defeat its character as a residential house. Revenue cannot deny the deduction merely because the new residence contains multiple independent units. Case-Laws Income Tax Fri, 29 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181988