https://www.taxtmi.com/caselaws?id=396139 The High Court ruled in favor of the assessee, allowing the exemption under Section 54F of the Income Tax Act. It held that the two properties used commercially could not be considered residential. Additionally, even if deemed residential, the two units in the same building should be treated as one residential unit. The court overturned the decisions of the assessing officer, Commissioner of Income Tax (Appeals), and Income Tax Appellate Tribunal, granting the appeal in favor of the assessee. en-us Thu, 18 Jun 2020 00:00:00 +0530 Wed, 19 Aug 2020 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396139 The High Court ruled in favor of the assessee, allowing the exemption under Section 54F of the Income Tax Act. It held that the two properties used commercially could not be considered residential. Additionally, even if deemed residential, the two units in the same building should be treated as one residential unit. The court overturned the decisions of the assessing officer, Commissioner of Income Tax (Appeals), and Income Tax Appellate Tribunal, granting the appeal in favor of the assessee. Case-Laws Income Tax Thu, 18 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396139