https://www.taxtmi.com/caselaws?id=289011 The Tribunal upheld the decision to allow exemption under section 54 of the Income Tax Act, ruling that if multiple residential units are used as a single residential house, they qualify for exemption. The Tribunal rejected the argument that purchasing flats under separate agreements rendered them ineligible for exemption, emphasizing the usage of the units as a single residential house as the determining factor for eligibility under section 54. en-us Fri, 29 Jun 2012 00:00:00 +0530 Thu, 09 Jul 2020 18:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289011 The Tribunal upheld the decision to allow exemption under section 54 of the Income Tax Act, ruling that if multiple residential units are used as a single residential house, they qualify for exemption. The Tribunal rejected the argument that purchasing flats under separate agreements rendered them ineligible for exemption, emphasizing the usage of the units as a single residential house as the determining factor for eligibility under section 54. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289011