https://www.taxtmi.com/caselaws?id=16890 The High Court of Karnataka ruled that investment in flats aligns with rules 68 and 69 of the Income-tax Rules, which allow withdrawals from provident funds for housing purposes. The court interpreted "building" to include flats, emphasizing the evolution of construction practices to include multistoreyed flats for human habitation. Since the rules do not define "building" or "flat," the court relied on common understanding, concluding that flats qualify as structures for human habitation. The court held that the Commissioner of Income-tax's interpretation was incorrect, quashing the Commissioner's letter and ruling in favor of the petitioner. en-us Fri, 03 Apr 1998 00:00:00 +0530 Sat, 12 Sep 2009 17:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16890 The High Court of Karnataka ruled that investment in flats aligns with rules 68 and 69 of the Income-tax Rules, which allow withdrawals from provident funds for housing purposes. The court interpreted "building" to include flats, emphasizing the evolution of construction practices to include multistoreyed flats for human habitation. Since the rules do not define "building" or "flat," the court relied on common understanding, concluding that flats qualify as structures for human habitation. The court held that the Commissioner of Income-tax's interpretation was incorrect, quashing the Commissioner's letter and ruling in favor of the petitioner. Case-Laws Income Tax Fri, 03 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16890