https://www.taxtmi.com/caselaws?id=296827 The Tribunal ruled in favor of the appellant, holding that they were entitled to the exemption under section 54F for investing in two adjacent properties used as a single residential unit. The Tribunal emphasized a broad interpretation of the term "one residential house," focusing on the functional use of the properties as a cohesive residential unit. This decision clarified eligibility for exemption when multiple adjacent properties are utilized as a single residential unit, ensuring fair application of the Income Tax Act provisions. en-us Mon, 06 Jan 2020 00:00:00 +0530 Mon, 09 Aug 2021 08:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296827 The Tribunal ruled in favor of the appellant, holding that they were entitled to the exemption under section 54F for investing in two adjacent properties used as a single residential unit. The Tribunal emphasized a broad interpretation of the term "one residential house," focusing on the functional use of the properties as a cohesive residential unit. This decision clarified eligibility for exemption when multiple adjacent properties are utilized as a single residential unit, ensuring fair application of the Income Tax Act provisions. Case-Laws Income Tax Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296827