Section 54 – Two flats on different floors cannot constitute one house

IN THE ITAT MUMBAI BENCH ‘B’ Smt. Myrtle D’Souza v/s. Income-tax Officer  IT APPEAL NO. 3168 (MUM.) OF 2011 [ASSESSMENT YEAR 2006-07] JUNE 20, 2012 ORDER R.S. Syal, Accountant Member This appeal by the assessee arises out of the order passed by the Commissioner of Income-tax (Appeals) on 28.02.2011, in relation to the assessment year 2006-2007. 2. The only dispute raised in this appeal is against the computation of capital gain. There are several aspects involved in this appeal relating to computation of capital gain, which we will shortly advert to. Briefl...