https://www.taxtmi.com/caselaws?id=471043 Section 263 revision cannot disturb an assessment allowing Section 54F deduction where the Assessing Officer conducted detailed enquiry and adopted a plausible view. Six flats acquired under one agreement across three floors, internally interconnected and used as a triplex residence, may constitute one residential house because Section 54F does not prescribe a particular physical configuration. A different view based on the same examined material does not establish that the assessment was erroneous and prejudicial to the interests of the Revenue. The revisionary order was therefore invalid, and the Section 54F deduction remained allowable. en-us Mon, 29 Sep 2025 00:00:00 +0530 Tue, 18 Aug 2026 21:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471043 Section 263 revision cannot disturb an assessment allowing Section 54F deduction where the Assessing Officer conducted detailed enquiry and adopted a plausible view. Six flats acquired under one agreement across three floors, internally interconnected and used as a triplex residence, may constitute one residential house because Section 54F does not prescribe a particular physical configuration. A different view based on the same examined material does not establish that the assessment was erroneous and prejudicial to the interests of the Revenue. The revisionary order was therefore invalid, and the Section 54F deduction remained allowable. Case-Laws Income Tax Mon, 29 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471043