https://www.taxtmi.com/caselaws?id=752636 ITAT Bangalore allowed assessee's claim for deduction u/s 54F for multiple residential units received through JDA. AO had disallowed deduction for 14 apartment units, permitting benefit only for one unit. ITAT held that prior to Finance Act 2014 amendment effective 01.04.2015, section 54F permitted deduction for multiple units. Relying on Karnataka HC ruling in Rukminiamma case, tribunal found the word "a" in "residential house" should not be construed as "single" but as indefinite article permitting plural interpretation under General Clauses Act. Assessee entitled to full deduction benefit. en-us Tue, 16 Apr 2024 00:00:00 +0530 Wed, 15 May 2024 09:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752636 ITAT Bangalore allowed assessee's claim for deduction u/s 54F for multiple residential units received through JDA. AO had disallowed deduction for 14 apartment units, permitting benefit only for one unit. ITAT held that prior to Finance Act 2014 amendment effective 01.04.2015, section 54F permitted deduction for multiple units. Relying on Karnataka HC ruling in Rukminiamma case, tribunal found the word "a" in "residential house" should not be construed as "single" but as indefinite article permitting plural interpretation under General Clauses Act. Assessee entitled to full deduction benefit. Case-Laws Income Tax Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752636