https://www.taxtmi.com/caselaws?id=354244 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and confirming the deduction under Section 54 for investments in two residential properties in Mumbai and Pune for the assessment year 2012-13. The Tribunal clarified that the pre-amendment Section 54 did not limit the exemption to one residential house, and the 2014 amendment's restriction to "one residential house in India" was not applicable retrospectively to the assessee's case. en-us Wed, 17 Jan 2018 00:00:00 +0530 Sat, 20 Jan 2018 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354244 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and confirming the deduction under Section 54 for investments in two residential properties in Mumbai and Pune for the assessment year 2012-13. The Tribunal clarified that the pre-amendment Section 54 did not limit the exemption to one residential house, and the 2014 amendment's restriction to "one residential house in India" was not applicable retrospectively to the assessee's case. Case-Laws Income Tax Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354244