https://www.taxtmi.com/caselaws?id=358288 The Tribunal ruled in favor of the Revenue, holding that the assessee was not eligible for deduction under Section 54F for investing in two separate residential flats in different locations. The Tribunal emphasized that the term "a residential house" refers to a single unit, and exemptions for multiple units can only apply if they are adjacent or contiguous and used as a single residence. The appeal by the Revenue was allowed, and the Assessing Officer's decision to restrict the exemption to one flat was upheld. en-us Thu, 05 Apr 2018 00:00:00 +0530 Tue, 13 Nov 2018 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358288 The Tribunal ruled in favor of the Revenue, holding that the assessee was not eligible for deduction under Section 54F for investing in two separate residential flats in different locations. The Tribunal emphasized that the term "a residential house" refers to a single unit, and exemptions for multiple units can only apply if they are adjacent or contiguous and used as a single residence. The appeal by the Revenue was allowed, and the Assessing Officer's decision to restrict the exemption to one flat was upheld. Case-Laws Income Tax Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358288