https://www.taxtmi.com/caselaws?id=297774 The Tribunal held that for the assessment year 2008-09, the assessee was entitled to claim a deduction under section 54F for reinvestment in multiple residential properties. The amendment restricting the deduction to one residential property was applicable prospectively from the assessment year 2015-16, and thus did not affect the assessee's claim for the relevant assessment year. The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision in favor of the assessee. en-us Fri, 27 Dec 2019 00:00:00 +0530 Wed, 22 Sep 2021 06:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297774 The Tribunal held that for the assessment year 2008-09, the assessee was entitled to claim a deduction under section 54F for reinvestment in multiple residential properties. The amendment restricting the deduction to one residential property was applicable prospectively from the assessment year 2015-16, and thus did not affect the assessee's claim for the relevant assessment year. The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision in favor of the assessee. Case-Laws Income Tax Fri, 27 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297774