https://www.taxtmi.com/caselaws?id=372543 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 54F of the Income Tax Act to the assessee. The Tribunal considered the property's description as residential, the presence of a constructed shed, and the potential for habitation, even without certain amenities. The decision emphasized that the term "residential house" was not strictly defined in the Act, and the property met the requirement for the deduction. en-us Wed, 02 May 2018 00:00:00 +0530 Tue, 25 Dec 2018 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372543 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 54F of the Income Tax Act to the assessee. The Tribunal considered the property's description as residential, the presence of a constructed shed, and the potential for habitation, even without certain amenities. The decision emphasized that the term "residential house" was not strictly defined in the Act, and the property met the requirement for the deduction. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372543