https://www.taxtmi.com/caselaws?id=354756 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee was eligible for exemption under Section 54F of the Income Tax Act. The properties were deemed commercial, and the fractional ownership held by the assessee did not disqualify him from the exemption. The Tribunal emphasized that owning more than one residential house should be interpreted strictly, excluding fractional ownership from disqualification. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sat, 03 Feb 2018 08:34:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354756 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee was eligible for exemption under Section 54F of the Income Tax Act. The properties were deemed commercial, and the fractional ownership held by the assessee did not disqualify him from the exemption. The Tribunal emphasized that owning more than one residential house should be interpreted strictly, excluding fractional ownership from disqualification. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354756