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2016 (5) TMI 1332 - AT - Income TaxDisallowance of claim u/s 54F - Investment more than one residential property in the same block - Held that:- The pre and post amended provisions are considered by the Jurisdictional High Court in the case of V.R. Karpagam (2014 (8) TMI 899 - MADRAS HIGH COURT) and granted relief even though different flats were allotted to the assessee as any residential house. The ld. Commissioner of Income Tax (Appeals) has dealt exhaustively on the law and judicial decision of High Court and Tribunal and explanations filed by the assessee viz-a-viz and highlighted provisions and the factual matrix of the case. Considering the apparent facts of the case and provisions, we are not inclined to interfere with the order of Commissioner of Income Tax (Appeals) and uphold the same and dismiss the appeal of the Revenue. - Decided in favour of assessee.
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