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2022 (11) TMI 372 - AT - Income TaxExemption u/s 54F - investment in two flats - Scope of word 'one residential unit' - whether Flat Numbers 604 and 904 are different residential units or it is one residential unit for the purpose of Section 54F ? - HELD THAT:- In the case before us, it is an admitted fact that the assessee had purchased flats number 604 and 904. These flats were in the same building but on different floors. Different Hon’ble High Courts have echoed that expression "a residential house' would encompass different residential units located on the different floors of the same building. Respectfully following it is held that Flat Number 604 and 904 constitute one residential unit for the purpose of Section 54F for AY 2014-15 and hence assessee has fulfilled the conditions of eligibility for claiming exemption u/s.54F for the year. Therefore, it is held that the assessee is eligible for exemption u/s 54F - Appeal of the Assessee is Allowed.
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