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2018 (1) TMI 794 - AT - Income TaxEntitled to the benefit of exemption u/s 54 - restriction of deduction to ‘one independent residential unit’ at the time of reinvestment - whether different flats allotted to the assessee are meant for residential use of the assessee and if such test is fulfilled? - Held that:- CIT(A) was of the opinion that the 8 flats allotted to the assessee are meant for utilisation of the joint family comprising of 3 sons and 4 daughters. Nothing was placed on record by the Ld DR to contradict the findings of the Ld. CIT(A). Since the finding of the Ld. CIT(A) was not contradicted by placing any material on record, we are unable to appreciate the contention of the Revenue. See CIT Versus Syed Ali Adil [2013 (6) TMI 278 - ANDHRA PRADESH HIGH COURT] - Decided in favour of assessee.
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