Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (7) TMI 1464 - ITAT BANGALOREDeduction u/s 54 - AO denied the benefit in respect of one of the two houses claimed u/s 54 holding that under the provisions of sec.54, the benefit can be claimed only in respect of one residential house. - Held that:- The controversy is surrounding in the interpretation of the term ‘residential house’ as occurring in section 54(1) of the Act. - the assessee is entitled to the benefit of deduction u/s 54 even in respect of house property in more than one residential house. - Decided against the revenue.
|