https://www.taxtmi.com/highlights?id=89068 The ITAT allowed the assessee's claim under Section 54F, affirming that "a residential house" should be interpreted liberally. The tribunal held that purchasing multiple residential flats/units in the same building can qualify for capital gains tax exemption. The decision follows precedential interpretations that "a" does not strictly mean singular, and beneficial provisions should be construed expansively. The assessee's claim was substantiated through relevant documentation, and the tribunal rejected technical objections raised by the revenue department, ultimately granting exemption for the capital gains. en-us Wed, 04 Jun 2025 08:40:40 +0530 Wed, 04 Jun 2025 08:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89068 The ITAT allowed the assessee's claim under Section 54F, affirming that "a residential house" should be interpreted liberally. The tribunal held that purchasing multiple residential flats/units in the same building can qualify for capital gains tax exemption. The decision follows precedential interpretations that "a" does not strictly mean singular, and beneficial provisions should be construed expansively. The assessee's claim was substantiated through relevant documentation, and the tribunal rejected technical objections raised by the revenue department, ultimately granting exemption for the capital gains. Highlights Income Tax Wed, 04 Jun 2025 08:40:40 +0530 https://www.taxtmi.com/highlights?id=89068