2016 (11) TMI 393

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..... rder dated 29.11.2012 passed by the learned CIT(A)-5, Mumbai and it relates to A.Y. 2007-08. 2. The assessee is aggrieved by the decision of the learned CIT(A) in confirming the order passed by the Assessing Officer in rejecting deduction claimed by the assessee u/s. 24(b) of the I.T. Act. 3. We have heard the parties and perused the record. The assessee had purchased a flat from Marathon Realty .....

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..... t was given in October 2006 itself. Final possession of the flat was given to the assessee on 24.3.2007. Learned AR submitted that the assessee brought these facts to the notice of the learned CIT(A), vide his letter dated 7.11.2012, wherein the assessee also attached a certificate issued by the Cooperative Housing Society. Learned AR submitted that the assessee has taken possession of the flat an .....

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..... viso nowhere states that the assessee should furnish completion certificate from the appropriate (Government) authorities. In our view, the evidences furnished by the assessee sufficiently prove that the assessee has taken possession of the flat during the relevant financial year under consideration. Accordingly we are of the view that the assessee is entitled to claim deduction of Rs. 1,50,000/- .....

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