https://www.taxtmi.com/caselaws?id=429806 The appeal challenging the rejection of exemption under section 54F of the Income Tax Act-1961 for the assessment year 2014-15 was dismissed by the Income Tax Appellate Tribunal (ITAT) Pune. The ITAT upheld the decision of the Commissioner of Income Tax (Appeals) based on legal interpretations and precedents set by the Bombay High Court, allowing deduction for only one residential flat instead of multiple flats claimed by the appellant. en-us Mon, 26 Sep 2022 00:00:00 +0530 Sat, 05 Nov 2022 08:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429806 The appeal challenging the rejection of exemption under section 54F of the Income Tax Act-1961 for the assessment year 2014-15 was dismissed by the Income Tax Appellate Tribunal (ITAT) Pune. The ITAT upheld the decision of the Commissioner of Income Tax (Appeals) based on legal interpretations and precedents set by the Bombay High Court, allowing deduction for only one residential flat instead of multiple flats claimed by the appellant. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429806