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2019 (4) TMI 282 - AT - Income TaxDeduction u/s. 54 in respect of two residential flats - vide amendment to Sec. 54, vide the Finance (No. 2) Act, 2014 with effect from 01.04.2015, “a residential house” was substituted by “one residential house in India” - scope of amendment - HELD THAT:- The case of the assessee for the A.Y. 2013-14 and the amendments in Section 54 of the Act came into the existence by virtue of Finance Act (no. 2) 2014 w.e.f. 01.04.2015. Undoubtedly, the said amendment is not required to be applicable in the case of the assessee which is specifically for the A.Y. 2013-14. Taking into account all the facts and circumstances, we are of the view that the finding of the CIT(A) is quite correct which is not liable to be interfere with at this appellate stage. Accordingly, these issues are decided in favour of the assessee against the revenue.
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