https://www.taxtmi.com/caselaws?id=58351 The Tribunal held that the four flats purchased by the appellant in the same building constituted "a house property" under section 54 of the Income-tax Act, 1961. Despite being on different floors, the flats were used as a single residence by the appellant and his family, meeting the exemption criteria. The Tribunal directed the Income Tax Officer to allow the full deduction of Rs. 1,77,750 in the capital gains computation under section 54(1). As a result, the appellant was granted full relief, and the appeal was allowed. en-us Mon, 06 Jan 1986 00:00:00 +0530 Sat, 18 Dec 2010 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58351 The Tribunal held that the four flats purchased by the appellant in the same building constituted "a house property" under section 54 of the Income-tax Act, 1961. Despite being on different floors, the flats were used as a single residence by the appellant and his family, meeting the exemption criteria. The Tribunal directed the Income Tax Officer to allow the full deduction of Rs. 1,77,750 in the capital gains computation under section 54(1). As a result, the appellant was granted full relief, and the appeal was allowed. Case-Laws Income Tax Mon, 06 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58351