Court Clarifies Section 54: Tax Exemption Applies to All Seven Flats, Not Just One, Under Income Tax Act.

Exemption u/s 54 - scope of the term 'a residential house' – construction of 7 flats - AO not correct in restricting the exemption under section 54F of the Act to only one flat by interpreting the words “a residential house“ in a manner which has been held to be an incorrect interpretation - AT .....

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