Sec. 54F relief was available on purchase of two adjacent flats if same was converted into single unit

INCOME TAX: Where, for assessment year 2008-09, assessee claimed deduction under section 54F by making investment in two residential flats located in a housing society which were adjacent to each other, in view of fact that assessee had commenced renovation work to covert two adjoining flats into a single residential unit and, moreover, Housing Society had also recognized assessee as owner of single residential unit, assessee's claim could not be rejected on ground that he had invested in more t

from www.taxmann.com Latest Case Laws https://ift.tt/2znTUli