Ratan Mahendra Jain. (Mrs) v. ITO (2025) 213 ITD 58 (Mum) (Trib.)

S.54F: Capital gains-Investment in a residential house–Purchases–Duplex-Single deed-Entitled to exemption. [S. 45]

Held that where assessee purchased a residential home being duplex by way of a single deed of transfer, it could not be said that assessee had purchased two residential houses, and, thus, assessee was entitled to exemption under section 54F.The Assessing Officer was directed to allow the exemption. (AY. 2022-23)

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