https://www.taxtmi.com/caselaws?id=402621 Under section 54 of the Income-tax Act, the expression "a residential house" was applied to flats received in the same premises under a joint development agreement. Relying on jurisdictional and persuasive precedents, the Tribunal treated multiple flats in the same building or premises as qualifying residential accommodation for the exemption. On that basis, the entire built-up area received from the builder was held eligible for deduction under section 54. en-us Wed, 06 Jan 2021 00:00:00 +0530 Thu, 07 Jan 2021 17:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402621 Under section 54 of the Income-tax Act, the expression "a residential house" was applied to flats received in the same premises under a joint development agreement. Relying on jurisdictional and persuasive precedents, the Tribunal treated multiple flats in the same building or premises as qualifying residential accommodation for the exemption. On that basis, the entire built-up area received from the builder was held eligible for deduction under section 54. Case-Laws Income Tax Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402621