This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai
Case Law Details
- Case Name
- Bhaskar Prataprai Shah Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Bhaskar Prataprai Shah Vs DCIT (ITAT Mumbai)
Income Tax Appellate Tribunal (ITAT) Mumbai addressed the appeal of Bhaskar Prataprai Shah regarding the rejection of his Section 54F deduction claim. The case revolved around whether the purchase of a triplex flat, composed of three interconnected units, qualifies as a “single residential house” for tax exemption under Section 54F of the Income-tax Act, 1961. Shah had invested the proceeds from the sale of shares into this property and argued that, despite being composed of three identifiable units, it functioned as a s...
Author Info
