https://www.taxtmi.com/caselaws?id=467915 Section 54F relief was unavailable because the sixth-floor construction formed part of a hotel operated on commercial lines, with sanctioned land use remaining commercial; a floor added to such premises could not be treated as an independent new residential house merely on asserted residential use. The Tribunal also held that the same construction could not support repeated exemption claims in different assessment years, as section 54F contemplates investment in one qualifying residential house within the prescribed period. The disallowance of the section 54F claim was therefore upheld against the assessee. en-us Fri, 14 Feb 2025 00:00:00 +0530 Wed, 08 Apr 2026 20:27:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467915 Section 54F relief was unavailable because the sixth-floor construction formed part of a hotel operated on commercial lines, with sanctioned land use remaining commercial; a floor added to such premises could not be treated as an independent new residential house merely on asserted residential use. The Tribunal also held that the same construction could not support repeated exemption claims in different assessment years, as section 54F contemplates investment in one qualifying residential house within the prescribed period. The disallowance of the section 54F claim was therefore upheld against the assessee. Case-Laws Income Tax Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467915