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2019 (11) TMI 909 - AT - Income TaxDeduction u/s 54F - AO denied the claim on the date of transfer, the assessee is having more than one house, therefore he is not eligible for claim of section 54F - HELD THAT:- As observed by the AO, himself in the Return of Income filed by him. Therefore, there is no merit in the contention that the Income from these properties is being taken by the mother of the assessee, and that she is not willing to fore go this advantage, which is available to her as per the will. Further, it is seen that the Municipal tax receipt is in the name of the assessee, Shri T.Peddiraju, which shows that the two houses are in the name of the: assessee in the records of Municipal Corporation. All these facts are sufficient to show that for all practical purposes, the assessee is the owner of the said houses, and therefore, is not entitled to claim exemption u/s.54F. It is therefore held that the exemption u/s.54F has been rightly denied by the AO. The addition made is therefore confirmed and all grounds related to this issue are dismissed. Appeal filed by the assessee is dismissed.
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