Exemption under Section 54 - Assessee had purchased more than ...

Case Laws Income Tax

June 22, 2020

Exemption under Section 54 - Assessee had purchased more than two houses - Subsequent amendment of Section 54(1) also fortifies the fact that the legislature felt the need of amending the provisions of the Act with a view to give a definite meaning to the expression 'a residential house', which was interpreted as plural by various courts by taking into account the context in which the aforesaid expression was used.

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Exemption under Section 54 - Assessee had purchased more than ...

Case Laws Income Tax

June 22, 2020

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