https://www.taxtmi.com/caselaws?id=794236 Section 54 rollover relief was discussed as asset-wise and source-wise, with capital gains under sections 45 and 48 computed separately for each transferred residential asset. The provision was read, for the assessment year in question, to permit exemption linked to each long-term capital gain from a residential house, while requiring investment in one residential house in India for each such gain. The proviso for investment in two residential houses was treated as limited to cases where the gain from a single transfer did not exceed the statutory threshold. Restricting exemption to one house for gains arising from distinct flats was held unsustainable, and exemption was allowed for the gains from the sale of 17 flats. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794236 Section 54 rollover relief was discussed as asset-wise and source-wise, with capital gains under sections 45 and 48 computed separately for each transferred residential asset. The provision was read, for the assessment year in question, to permit exemption linked to each long-term capital gain from a residential house, while requiring investment in one residential house in India for each such gain. The proviso for investment in two residential houses was treated as limited to cases where the gain from a single transfer did not exceed the statutory threshold. Restricting exemption to one house for gains arising from distinct flats was held unsustainable, and exemption was allowed for the gains from the sale of 17 flats. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794236