https://www.taxtmi.com/caselaws?id=421171 The Tribunal upheld the CIT(A)'s decision that two adjacent flats constituted a single residential house, allowing the assessee's claim for exemption under Section 54F for Long Term Capital Gains invested in both properties. The revenue's appeal was dismissed, affirming the assessee's entitlement to the deduction for the entire investment in the combined residential unit. The Tribunal emphasized a liberal construction of Section 54F in favor of the assessee, highlighting the beneficial nature of the provision. en-us Fri, 25 Feb 2022 00:00:00 +0530 Tue, 19 Apr 2022 08:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421171 The Tribunal upheld the CIT(A)'s decision that two adjacent flats constituted a single residential house, allowing the assessee's claim for exemption under Section 54F for Long Term Capital Gains invested in both properties. The revenue's appeal was dismissed, affirming the assessee's entitlement to the deduction for the entire investment in the combined residential unit. The Tribunal emphasized a liberal construction of Section 54F in favor of the assessee, highlighting the beneficial nature of the provision. Case-Laws Income Tax Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421171