https://www.taxtmi.com/caselaws?id=341150 Before the amendment to Section 54F, multiple flats received under one joint development agreement could qualify as a single residential house for exemption purposes, even if they were in different blocks or towers, so long as they formed part of the same project and property. The residential character of the flats was not lost merely because they were let to an educational society for student accommodation; the relevant test was the nature of the property itself, not the tenant's business. On that basis, the notes also indicate that the related capital gains and clubbing issues did not require separate interference once the exemption was allowed. en-us Tue, 28 Mar 2017 00:00:00 +0530 Mon, 03 Apr 2017 07:28:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341150 Before the amendment to Section 54F, multiple flats received under one joint development agreement could qualify as a single residential house for exemption purposes, even if they were in different blocks or towers, so long as they formed part of the same project and property. The residential character of the flats was not lost merely because they were let to an educational society for student accommodation; the relevant test was the nature of the property itself, not the tenant's business. On that basis, the notes also indicate that the related capital gains and clubbing issues did not require separate interference once the exemption was allowed. Case-Laws Income Tax Tue, 28 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341150