https://www.taxtmi.com/caselaws?id=802413 Section 54F provides a proportionate capital gains exemption where the cost of the qualifying residential house is less than the net consideration. The cost of an excluded residential unit cannot simply be added as taxable income. For the stay of recovery, the tax computation used the statutory proportion rather than adding the entire cost of the second unit. The stay was conditional on payment of 20% of the recalculated tax and covered the specified balance pending disposal of the statutory appeal and for four weeks thereafter. Entitlement to exemption for both units remained undecided. en-us Mon, 02 Nov 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802413 Section 54F provides a proportionate capital gains exemption where the cost of the qualifying residential house is less than the net consideration. The cost of an excluded residential unit cannot simply be added as taxable income. For the stay of recovery, the tax computation used the statutory proportion rather than adding the entire cost of the second unit. The stay was conditional on payment of 20% of the recalculated tax and covered the specified balance pending disposal of the statutory appeal and for four weeks thereafter. Entitlement to exemption for both units remained undecided. Case-Laws Income Tax Mon, 02 Nov 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802413