{
  "id": 20018592,
  "title": "Sold commercial units & bought 2 flats, taxman denies Rs 2.5 crore relief on one - what ITAT said",
  "url": "https://urgent.news/2026/11/14/sold-commercial-units-bought-2-flats-taxman-denies-rs-2-5-crore",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-11-14T17:24:57.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/man-sold-6-commercial-units-earned-nearly-rs-5-crore-in-capital-gains-bought-two-flats-on-different-floors-taxman-denies-rs-2-5-crore-deduction-for-second-flat-but-mumbai-itat-gives-relief/articleshow/135834822.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "A man sold six commercial units in Mumbai and the sales generated long-term capital gains of around Rs 5 crore. He claimed a deduction of the same amount under Section 54F after investing in residential property. For this purpose, he purchased two flats in Wing A of a building but on separate floors. Agreements for both flats were executed and registered on the same date.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}