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2018 (4) TMI 712 - AT - Income TaxClaim of exemption u/s 54 - assessee had independently acquired multiple flats, which however, were joined/merged together and used by the assessee as a single residential unit - Held that:- Hon'ble High Court of Bombay in the case of CIT-21, Mumbai vs. Devdas Naik (2014 (7) TMI 173 - BOMBAY HIGH COURT) had concluded that that where acquisition of two flats had been done independently by the assessee, but however, the said flats were constructed in such a way that the adjacent units or flats could be combined into one, and eventually had been merged into a single unit and were used for the purpose of residence by the assessee, the latters claim of exemption under section 54 could not be denied. - Decided in favour of assessee.
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