https://www.taxtmi.com/caselaws?id=770975 Delhi HC upheld ITAT's decision allowing deduction under Section 54F to an assessee who owned multiple residential units. The court held that owning more than one residential property does not disqualify an assessee from claiming the deduction. The assessee had properly disclosed all material facts including the sale of original asset generating capital gains and purchase of new house property from sale proceeds. Municipal corporation records regarding property ownership configuration did not indicate any failure in disclosure of relevant facts for claiming the deduction. en-us Wed, 30 Apr 2025 00:00:00 +0530 Mon, 19 May 2025 08:37:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770975 Delhi HC upheld ITAT's decision allowing deduction under Section 54F to an assessee who owned multiple residential units. The court held that owning more than one residential property does not disqualify an assessee from claiming the deduction. The assessee had properly disclosed all material facts including the sale of original asset generating capital gains and purchase of new house property from sale proceeds. Municipal corporation records regarding property ownership configuration did not indicate any failure in disclosure of relevant facts for claiming the deduction. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770975