Meaning of “In the two years immediately preceding the date of transfer”

Case Name : Mrs. Olga T. Desouza Vs. CIT Citation :[1997] 228 ITR 409 (BOM.) Court : Bombay High Court Section : 54 Meaning : The expression ‘in the two years immediately preceding the date of transfer’ means that the user of the property by the assessee for own residence must be for a continuous…