https://www.taxtmi.com/forum/issue?id=118983 Whether fractional ownership of residential property disqualifies an assessee from claiming the capital gain exemption under sections 54/54F after Finance Act 2014 replaced "a residential house" with "one residential house"; tribunals and some courts have allowed exemption where the assessee had full ownership in one house and only fractional interest in another, suggesting fractional shares may not be treated as owning an additional house for eligibility purposes. en-us Wed, 14 Feb 2024 15:46:39 +0530 Fri, 24 Jan 2025 10:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118983 Whether fractional ownership of residential property disqualifies an assessee from claiming the capital gain exemption under sections 54/54F after Finance Act 2014 replaced "a residential house" with "one residential house"; tribunals and some courts have allowed exemption where the assessee had full ownership in one house and only fractional interest in another, suggesting fractional shares may not be treated as owning an additional house for eligibility purposes. Discussion-Forum Income Tax Wed, 14 Feb 2024 15:46:39 +0530 https://www.taxtmi.com/forum/issue?id=118983