https://www.taxtmi.com/caselaws?id=191039 The Tribunal dismissed the Revenue's appeal and upheld the Commissioner of Income Tax (Appeals)'s decision to grant the exemption under Section 54F to the assessee. The Tribunal agreed with the broader interpretation of "a residential house" allowing for investments in multiple units within the same property. The Tribunal also noted that the Finance Act, 2014 amendment did not apply to the relevant assessment year, affirming the eligibility of the assessee for the exemption. en-us Wed, 11 May 2016 00:00:00 +0530 Sat, 18 Mar 2017 11:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191039 The Tribunal dismissed the Revenue's appeal and upheld the Commissioner of Income Tax (Appeals)'s decision to grant the exemption under Section 54F to the assessee. The Tribunal agreed with the broader interpretation of "a residential house" allowing for investments in multiple units within the same property. The Tribunal also noted that the Finance Act, 2014 amendment did not apply to the relevant assessment year, affirming the eligibility of the assessee for the exemption. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191039