https://www.taxtmi.com/caselaws?id=798964 For the section 54F residential-house ownership condition, a property held by a company remains the company's property because of its separate legal identity; a director cannot be treated as its owner solely on that basis. A jointly held flat may be counted as the taxpayer's residential house, but, on the stated facts, it remained the only such house apart from the property receiving the qualifying investment. The ownership condition was therefore met, making the capital-gains deduction available. en-us Thu, 10 Sep 2026 00:00:00 +0530 Tue, 15 Sep 2026 08:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798964 For the section 54F residential-house ownership condition, a property held by a company remains the company's property because of its separate legal identity; a director cannot be treated as its owner solely on that basis. A jointly held flat may be counted as the taxpayer's residential house, but, on the stated facts, it remained the only such house apart from the property receiving the qualifying investment. The ownership condition was therefore met, making the capital-gains deduction available. Case-Laws Income Tax Thu, 10 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798964