Multiple residential unit construed as single residential house for exemption u/s. 54

Saroj Rani Vs ITO (ITAT Delhi)

ITAT Delhi held that multiple residential units on same floor is construed as single residential house for purpose of exemption under section 54 of the Income Tax Act. Accordingly, exemption u/s. 54 allowed and addition deleted.

Facts- The assessee is an individual and has declared income from salary, rental income and also income from long term capital gain on sale of immovable properties. Notably, AO completed assessment after allowing deduction of Rs. 36,54,821/- being cost of only one adjacent unit and denied exemption of R

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