https://www.taxtmi.com/caselaws?id=790242 Section 54F exemption is available where sale consideration is invested in a residential house before filing a return under section 139(4), and the capital gains account deposit requirement does not apply to amounts already utilised within that filing period. Ownership disqualification depends on whether the assessee ically holds more than one residential house; a one-third undivided share in a single contiguous dwelling was not treated as ownership of two separate houses. Eligibility under section 54F must be tested with reference to the capital asset giving rise to the gain, and not by aggregating share transactions or using unrelated long-term capital loss to defeat the exemption. en-us Fri, 17 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790242 Section 54F exemption is available where sale consideration is invested in a residential house before filing a return under section 139(4), and the capital gains account deposit requirement does not apply to amounts already utilised within that filing period. Ownership disqualification depends on whether the assessee ically holds more than one residential house; a one-third undivided share in a single contiguous dwelling was not treated as ownership of two separate houses. Eligibility under section 54F must be tested with reference to the capital asset giving rise to the gain, and not by aggregating share transactions or using unrelated long-term capital loss to defeat the exemption. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790242