https://www.taxtmi.com/caselaws?id=361328 The Tribunal dismissed the Revenue's appeals and partially allowed the assessee's appeals. It upheld that four flats constituted a single residential unit and allowed the exemption under Section 54F despite the use of borrowed funds. The matter of the quantum of exemption was remanded to the Assessing Officer for verification of the additional amount claimed. The same decisions applied to related appeals of another family member, with instructions for similar examination by the Assessing Officer. en-us Wed, 30 May 2018 00:00:00 +0530 Mon, 04 Jun 2018 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361328 The Tribunal dismissed the Revenue's appeals and partially allowed the assessee's appeals. It upheld that four flats constituted a single residential unit and allowed the exemption under Section 54F despite the use of borrowed funds. The matter of the quantum of exemption was remanded to the Assessing Officer for verification of the additional amount claimed. The same decisions applied to related appeals of another family member, with instructions for similar examination by the Assessing Officer. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361328