Tribunal held that, n absence of any material to show that three different properties were purchased to meet residential requirement of family of assessee the deduction was allowed only in respect of one constructed house .Position prior to 1-4-2015 ( AY.2011-12)
Rakesh Garg. v. ITO (2018) 173 ITD 302/( 2019) 197 TTJ 632 (Jaipur)(Trib.)
S. 54F : Capital gains – Investment in a residential house-Purchase of three different properties -Exemption was allowed only in respect of one constructed house – Prior to 1-4-2015. [S. 45]