VERIFIEDMint Money·10 Sept 2026neutral

Bought multiple homes after selling one property? This ₹23.76 crore tax case has an important lesson for homeowners

AI Summary

·Mumbai ITAT allowed a taxpayer's Section 54 exemption on investments in multiple residential properties for AY 2013-14.
·The law at the time referred to 'a residential house' for such exemptions.
·The Tribunal also allowed ₹20.44 lakh spent on civil and electrical work for the new flat.