https://www.taxtmi.com/caselaws?id=377013 The Appellate Tribunal partly allowed the appeal, granting the deduction for investment in multiple flats used as a single unit under Section 54 of the Income Tax Act, 1961. The Tribunal overturned the lower authorities' decisions and held that the assessee's reinvestment in four adjoining flats should be eligible for deduction. However, the issue of the Rs. 21,00,000 expenses incurred in connection with the sale/transfer was remitted back to the Assessing Officer for further examination based on the evidence provided by the assessee. en-us Mon, 18 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377013 The Appellate Tribunal partly allowed the appeal, granting the deduction for investment in multiple flats used as a single unit under Section 54 of the Income Tax Act, 1961. The Tribunal overturned the lower authorities' decisions and held that the assessee's reinvestment in four adjoining flats should be eligible for deduction. However, the issue of the Rs. 21,00,000 expenses incurred in connection with the sale/transfer was remitted back to the Assessing Officer for further examination based on the evidence provided by the assessee. Case-Laws Income Tax Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377013