Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (12) TMI 998 - AT - Income TaxClaim u/s 54 with regard to second house purchase disallowed - Held that:- As the assessee was allotted two flats on two different stories. It is not the case of the assessee that both the flats on different floors were used as one residential house. Naturally it could not have been so for the reason of these two flats situated on different stories can not constitute one house. CIT(A) was justified in restricting the benefit of exemption u/s 54 only in respect of one flat. This ground is not allowed. See case of Smt. Syrtle D’Souza Vs. Income Tax Officer, Ward 19(3)(4), Mumbai [2012 (9) TMI 118 - ITAT MUMBAI - Decided against assessee
|