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2015 (11) TMI 1443 - AT - Income TaxEntitlement to deduction under S.54F - whether ‘a residential house’ stated in S.54/S.54F for allowing deduction means a single residential house or one consisting of multiple units - CIT(A) allowed claim - Held that:- Merely because a residential house consists of several independent residential units, deduction under S.54/S.54F could not disallowed. Respectfully following the decision of the Hon'ble jurisdictional High Court in the case of CIT V/s. Syed Ali Adil (2013 (6) TMI 278 - ANDHRA PRADESH HIGH COURT) as approved in the case of CIT V/s. Vittal Krishna Conjeevaram (2013 (12) TMI 1524 - ANDHRA PRADESH HIGH COURT) we have no option than to confirm the order of the CIT(A), which is in consonance with the principles laid down on the issue in dispute. - Decided against revenue.
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