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2016 (1) TMI 711 - AT - Income TaxEntitlement to exemption u/s 54F - contiguous units - first floor is divided into different residential units - exemption to be allowed to one unit or entire area - Held that:- The CIT(A) directed the AO to conduct an enquiry and allow the exemption in respect of one residential unit. In case, the assesse is using the entire first floor area for the purpose of her self-occupation then, AO is directed to allow the deduction in respect of entire first floor. In case on enquiry, it is found that the area in first floor is divided into different residential units then, deduction may be allowed to the extent of cost of acquisition of one residential unit as per the choice of assesse. Therefore, we are of the opinion that the CIT(A) rightly allowed the claim of exemption u/s 54F and his order does not require any interference. Hence, we inclined to upheld the order of CIT(A) and reject the revenue ground. - Decided against the revenue.
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