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Denial of exemption u/s 54F - interpreting the meaning of the ...


Court Rules on Section 54F: Can Multiple Apartments Be a Single "Residential House" for Tax Exemption?

June 22, 2020

Case Laws     Income Tax     HC

Denial of exemption u/s 54F - interpreting the meaning of the word residential house used in Section 54F(1) - assessee even otherwise is entitled to the benefit of exemption u/s 54F(1) of the Act as the assessee owns two apartments in same building and therefore, it has to be treated as one residential unit.

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