https://www.taxtmi.com/caselaws?id=416166 The tribunal upheld the CIT(A)'s decision, allowing the assessee's claim under Section 54F of the Income Tax Act for multiple residential flats received as part of reinvestment. The tribunal reasoned that prior to the 2014 amendment, the law did not restrict the exemption to a single residential house, thus supporting the assessee's eligibility for exemption. The tribunal referenced judicial precedents and dismissed the Revenue's appeal, maintaining consistency in interpretation. en-us Mon, 29 Nov 2021 00:00:00 +0530 Wed, 22 Dec 2021 07:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416166 The tribunal upheld the CIT(A)'s decision, allowing the assessee's claim under Section 54F of the Income Tax Act for multiple residential flats received as part of reinvestment. The tribunal reasoned that prior to the 2014 amendment, the law did not restrict the exemption to a single residential house, thus supporting the assessee's eligibility for exemption. The tribunal referenced judicial precedents and dismissed the Revenue's appeal, maintaining consistency in interpretation. Case-Laws Income Tax Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416166