https://www.taxtmi.com/caselaws?id=771850 ITAT Mumbai allowed the assessee's appeal regarding denial of LTCG exemption under section 54F. The AO incorrectly treated a duplex flat as two separate properties, believing the assessee purchased two different house properties on the same date within one year of the original asset transfer. The housing society certified that the flats were internally connected with an internal staircase, constituting a single duplex unit as originally purchased. ITAT relied on precedent and found the AO misconstrued the property nature. The CIT(A)'s findings were set aside, directing the AO to allow section 54F exemption. The appeal was allowed in favor of the assessee. en-us Wed, 14 May 2025 00:00:00 +0530 Mon, 21 Jul 2025 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771850 ITAT Mumbai allowed the assessee's appeal regarding denial of LTCG exemption under section 54F. The AO incorrectly treated a duplex flat as two separate properties, believing the assessee purchased two different house properties on the same date within one year of the original asset transfer. The housing society certified that the flats were internally connected with an internal staircase, constituting a single duplex unit as originally purchased. ITAT relied on precedent and found the AO misconstrued the property nature. The CIT(A)'s findings were set aside, directing the AO to allow section 54F exemption. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771850