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2018 (1) TMI 980 - AT - Income TaxEntitlement towards claim of deduction u/s 54 - claim restricted only in respect of the residential property at Mumbai - scope of amendment - Held that:- Hon’ble High Court of Madras in the case of CIT Vs. Smt. V. R. Kampagm [2014 (8) TMI 899 - MADRAS HIGH COURT] had clearly held in context of a similar amendment that was made available to Sec.54F, that the same was effective from 01.04.2015, which thus made it clear that prior to the said amendment the assessee was entitled the claim deduction in respect of investments made in more than one residential house. We find that a similar view had also been taken by the Hon’ble High Court of Andhra Pradesh in the case of CIT Vs. Syed Ali Adil (2013 (6) TMI 278 - ANDHRA PRADESH HIGH COURT). As prior to A.Y 2015-16 no restriction was placed by the legislature in respect of investments in the residential houses that an assessee could make for claiming deduction under Sec. 54 of the Act. We thus are of the view that the claim of deduction raised by the assessee under Sec. 54 in respect of investment made towards purchase of residential house at Mumbai and Pune was well in order. We thus in context of the issue under consideration set aside the order of the CIT and uphold the claim of deduction as was raised by the assessee - Decided in favour of assessee.
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