https://www.taxtmi.com/caselaws?id=274105 The court upheld the tribunal's decision, ruling that booking a flat does not constitute ownership. It was determined that the appellant did not own more than one residential house at the time of the original asset transfer. Therefore, the exemption under Section 54F was granted, resulting in the dismissal of the appeal in favor of the assessee and against the department. en-us Wed, 13 Sep 2017 00:00:00 +0530 Sun, 29 Jul 2018 11:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274105 The court upheld the tribunal's decision, ruling that booking a flat does not constitute ownership. It was determined that the appellant did not own more than one residential house at the time of the original asset transfer. Therefore, the exemption under Section 54F was granted, resulting in the dismissal of the appeal in favor of the assessee and against the department. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274105