https://www.taxtmi.com/caselaws?id=339891 The court held that the assessee is entitled to the benefits of Section 54-F of the Income Tax Act as the 15 flats received under the joint development agreement are located at the same address. The court dismissed the Revenue's appeal, confirming the order of the ITAT, which in turn had confirmed the order of the CIT(A). The court emphasized that the interpretation of "a residential house" includes multiple flats in the same location/address, and the subsequent amendment to Section 54-F does not impact this case. en-us Fri, 03 Mar 2017 00:00:00 +0530 Tue, 01 Aug 2017 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339891 The court held that the assessee is entitled to the benefits of Section 54-F of the Income Tax Act as the 15 flats received under the joint development agreement are located at the same address. The court dismissed the Revenue's appeal, confirming the order of the ITAT, which in turn had confirmed the order of the CIT(A). The court emphasized that the interpretation of "a residential house" includes multiple flats in the same location/address, and the subsequent amendment to Section 54-F does not impact this case. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339891