https://www.taxtmi.com/caselaws?id=467851 For assessment years before the prospective amendment, the phrase "a residential house" in section 54 was treated as not limited to a single residential unit, so deduction could extend to more than one residential property subject to factual verification. The assessee was therefore considered entitled in principle to claim section 54 relief for both units, but the precise quantum had to be re-examined because additional evidence was produced for the first time before the ITAT. The assessment was also found to remain within the scope of the section 263 directions, as the Assessing Officer did not travel beyond the matters set aside for fresh examination. en-us Fri, 26 Jul 2024 00:00:00 +0530 Mon, 06 Apr 2026 14:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467851 For assessment years before the prospective amendment, the phrase "a residential house" in section 54 was treated as not limited to a single residential unit, so deduction could extend to more than one residential property subject to factual verification. The assessee was therefore considered entitled in principle to claim section 54 relief for both units, but the precise quantum had to be re-examined because additional evidence was produced for the first time before the ITAT. The assessment was also found to remain within the scope of the section 263 directions, as the Assessing Officer did not travel beyond the matters set aside for fresh examination. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467851