https://www.taxtmi.com/caselaws?id=775530 The HC held that under the unamended Section 54(1), the term "a residential house" does not restrict exemption to the purchase of a single residential unit but includes multiple residential houses. The Court relied on precedents affirming that the exemption applies when capital gains from the sale of one residential property are invested in more than one residential house. Consequently, the Assessee was entitled to claim exemption on the entire capital gains from the sale of the Mumbai flat against the purchase of seven row houses in Pune. The Assessee's appeal was allowed. en-us Tue, 22 Jul 2025 00:00:00 +0530 Sat, 30 May 2026 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775530 The HC held that under the unamended Section 54(1), the term "a residential house" does not restrict exemption to the purchase of a single residential unit but includes multiple residential houses. The Court relied on precedents affirming that the exemption applies when capital gains from the sale of one residential property are invested in more than one residential house. Consequently, the Assessee was entitled to claim exemption on the entire capital gains from the sale of the Mumbai flat against the purchase of seven row houses in Pune. The Assessee's appeal was allowed. Case-Laws Income Tax Tue, 22 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775530