Section 54F exemption granted for different floors of single residential house

PCIT-Central -1 Vs Lata Goel (Delhi High Court) Delhi High Court held that exemption under section 54F of the Income Tax Act is allowed towards different floors of a house considering it as single residential house. Accordingly, appeal of the revenue dismissed. Facts- During the year, the Assessee had claimed a deduction of ₹90 crores u/s. 54F of the Act asserting that the consideration received from the sale of shares of FIITJEE Ltd. — an unlisted company, the gains from which would otherwise be chargeable to tax as capital gains — was invested in acquiring a residential house property....