7 घर और zERO cAPITAL gain tAX I एक Minor Language Mistake से कैसे जीता केस after 29 yearISection 54
"July 22, 2025 – Bombay High Court ने साफ कहा:‘Unamended Section 54 में number की कोई limit नहीं थी। ये beneficial provision है, जिसका aim है लोगों को घर खरीदने के लिए encourage करना। इसलिए interpretation taxpayer के favour में होगा।’
Substantial question of law regarding Section 54 which Bombay High Court said it will answer
According to Bombay High Court judgement dated July 22, 2025, here’s what Justice Sandeep V. Marne said:
“On the facts and in the circumstances of the case, whether the Appellant is entitled for availing deduction under Section 54 of the Income Tax Act, 1961against the entire capital gain arising out of sale of his flat in Mumbai in as much as he has invested the sale proceeds from the sale of his flat at Mumbai by joint venture agreement with Samant Estate Pvt. Ltd. For acquisition/construction of the 7 row houses in their project at Pune?. The solitary issue that arises for consideration in this appeal is whether Section 54(1) of the Act allows the Assessee to set off the purchase cost of more than one residential unit against the capital gains earned from sale of a single residential house.”
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