https://www.taxtmi.com/caselaws?id=790481 Deduction under section 54F could not be denied merely because the assessee was said to own another property, where the Revenue failed to prove that the asset was a habitable residential house at the time of transfer. On the basis of the sale deed, photographs and the purchaser's affidavit, the Tribunal found the property to be open land without an existing residential structure; earlier descriptions or valuation entries were insufficient to establish a residential house. The statutory bar for denying section 54F relief was therefore not attracted, and the assessee was held entitled to the deduction. en-us Wed, 22 Apr 2026 00:00:00 +0530 Sat, 25 Apr 2026 08:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790481 Deduction under section 54F could not be denied merely because the assessee was said to own another property, where the Revenue failed to prove that the asset was a habitable residential house at the time of transfer. On the basis of the sale deed, photographs and the purchaser's affidavit, the Tribunal found the property to be open land without an existing residential structure; earlier descriptions or valuation entries were insufficient to establish a residential house. The statutory bar for denying section 54F relief was therefore not attracted, and the assessee was held entitled to the deduction. Case-Laws Income Tax Wed, 22 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790481