https://www.taxtmi.com/caselaws?id=34032 Deduction under section 54F was unavailable where the assessee merely modified or expanded an existing residential house instead of constructing a new residential house. The provision applies to investment in construction of a house, not to renovation or addition to an existing structure. A self-contained additional floor may qualify if it amounts to construction of a distinct residential unit, but a mere increase in the plinth area of the existing house is insufficient. On the facts stated, the investment was only in modification of the existing house, so the exemption was not admissible. en-us Mon, 09 Jun 2008 00:00:00 +0530 Tue, 07 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34032 Deduction under section 54F was unavailable where the assessee merely modified or expanded an existing residential house instead of constructing a new residential house. The provision applies to investment in construction of a house, not to renovation or addition to an existing structure. A self-contained additional floor may qualify if it amounts to construction of a distinct residential unit, but a mere increase in the plinth area of the existing house is insufficient. On the facts stated, the investment was only in modification of the existing house, so the exemption was not admissible. Case-Laws Income Tax Mon, 09 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34032