Section 54 exemption allowable if more than one unit adjacent to each other were as a single residential house

Vijay Kumar Wanchoo Vs ITO (ITAT Delhi)

Conclusion: In section 54 was  transfer of a long term capital asset’ being the residential house referred to a residential house which might comprise more than one building or buildings structure; but the same were used as a single residential house. Thus, even if more than one unit were adjacent to each other and were being used as a single residential house by assessee and his family members, the same would be considered as residential house u/s 54 and entitl

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