https://www.taxtmi.com/caselaws?id=412649 The Tribunal allowed the appeal, directing the Assessing Officer to grant the exemption claimed by the assessee under section 54. The Tribunal found that the three units of residential flats constituted a single residential house, meeting the criteria for exemption. This decision was based on evidence presented by the assessee, including a single sale agreement and an allotment letter confirming the units as one residential unit. The Tribunal emphasized the importance of the physical structure of the house not impeding the allowance of the exemption, citing relevant judicial precedents. en-us Tue, 21 Sep 2021 00:00:00 +0530 Thu, 23 Sep 2021 07:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412649 The Tribunal allowed the appeal, directing the Assessing Officer to grant the exemption claimed by the assessee under section 54. The Tribunal found that the three units of residential flats constituted a single residential house, meeting the criteria for exemption. This decision was based on evidence presented by the assessee, including a single sale agreement and an allotment letter confirming the units as one residential unit. The Tribunal emphasized the importance of the physical structure of the house not impeding the allowance of the exemption, citing relevant judicial precedents. Case-Laws Income Tax Tue, 21 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412649