https://www.taxtmi.com/caselaws?id=361019 The Tribunal held that the assessee's reinvestment in three interconnected residential units constituted a single residential house, making the assessee eligible for exemption under Section 54 for the entire reinvestment amount. The Tribunal emphasized that the amendment specifying "one residential house" applies only prospectively from April 1, 2015, and cannot be applied retrospectively. Consequently, the appeal of the revenue was dismissed, and the cross-objections of the assessee were dismissed as not pressed. en-us Wed, 23 May 2018 00:00:00 +0530 Mon, 28 May 2018 08:43:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361019 The Tribunal held that the assessee's reinvestment in three interconnected residential units constituted a single residential house, making the assessee eligible for exemption under Section 54 for the entire reinvestment amount. The Tribunal emphasized that the amendment specifying "one residential house" applies only prospectively from April 1, 2015, and cannot be applied retrospectively. Consequently, the appeal of the revenue was dismissed, and the cross-objections of the assessee were dismissed as not pressed. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361019