https://www.taxtmi.com/caselaws?id=795497 Section 54F, for a pre-2015 assessment year, permits exemption for multiple residential flats forming a landowner's agreed entitlement under a joint development agreement. The later restriction to one residential house in India is prospective, and a fresh exemption claim may be admitted in appellate proceedings even without a revised return. Where capital gains are computed by reference to the same flat entitlement, exemption cannot be denied because the flats are future allotments or comprise multiple units. Section 144B governed reassessments culminating in assessment under sections 143(3) or 144, so the Faceless Assessing Officer retained jurisdiction before the subsequent section 151A notification. en-us Fri, 29 May 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795497 Section 54F, for a pre-2015 assessment year, permits exemption for multiple residential flats forming a landowner's agreed entitlement under a joint development agreement. The later restriction to one residential house in India is prospective, and a fresh exemption claim may be admitted in appellate proceedings even without a revised return. Where capital gains are computed by reference to the same flat entitlement, exemption cannot be denied because the flats are future allotments or comprise multiple units. Section 144B governed reassessments culminating in assessment under sections 143(3) or 144, so the Faceless Assessing Officer retained jurisdiction before the subsequent section 151A notification. Case-Laws Income Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795497