Exemption u/s. 54F available to joint residential house when two houses constitutes single unit

Nakul Aggarwal Vs ACIT (ITAT Mumbai)

ITAT Mumbai held that where two houses joint together constitutes a single unit for residence, then exemption under section 54F of the Income Tax Act would be available to such joint residential house.

Facts- The assessee is an individual. The case was selected for scrutiny to verify deduction/exemption from capital gains, investment in immovable property and foreign asset. AO observed that, the assessee claimed deduction u/s. 54F and purchased two flats. AO was of the opinion that the assessee violated the provisions of

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