https://www.taxtmi.com/caselaws?id=296300 The Tribunal partially allowed the appeal, granting the benefit under section 54F for 35% of the constructed property received under a joint development agreement. The appellant's contention that the residential houses received did not qualify as a "residential house" under section 54F was rejected. The Tribunal relied on precedents from various High Courts and the amendment to section 54F by the Finance Act, 2014, limiting the deduction to one residential house. The decision was pronounced on 19th February 2020. en-us Wed, 19 Feb 2020 00:00:00 +0530 Wed, 14 Jul 2021 06:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296300 The Tribunal partially allowed the appeal, granting the benefit under section 54F for 35% of the constructed property received under a joint development agreement. The appellant's contention that the residential houses received did not qualify as a "residential house" under section 54F was rejected. The Tribunal relied on precedents from various High Courts and the amendment to section 54F by the Finance Act, 2014, limiting the deduction to one residential house. The decision was pronounced on 19th February 2020. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296300