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Section 54F8

RAPHAEL JOHN (DECEASED),THRISSUR vs. ITO, WARD-2(3), THRISSUR

In the result, the appeal filed by the assessee is allowed

ITA 384/COCH/2024[2011-2012]Status: DisposedITAT Cochin06 Feb 2025AY 2011-2012

Bench: Shri Inturi Rama Rao

For Appellant: --- None---For Respondent: Smt.Leena Lal, Senior AR

Section 143(3)Section 54F

capital gains u/s.54F by stating that “a” residential house would include multiple residential units. However, the AO was of the opinion that the assessee is only entitled for exemption in respect of one residential unit. Accordingly, AO denied the claim for exemption u/s.54F of the Act. On appeal before the CIT(A), the CIT(A) confirmed the action