1994 (1) TMI 31 - HC - Income Tax

Summary

The High Court of Madras ruled in favor of the assessee, allowing relief under section 54 of the Income-tax Act, 1961. The court held that even if part of the property was let out, the assessee could still claim the relief if the major portion was used for residence. The court cited previous cases to support its decision and awarded costs to the assessee.