Section 54 amendment restricting deduction to One Residential House is prospective

Dinesh Chandra Dutta Bhargava Vs DCIT (ITAT Agra)

The only question to be adjudicated in the instant case is whether the assessee is entitled for deduction u/s. 54/54F of the Act in the attending circumstances of the case or not and whether the changed legal position of section 54, as noted by ld. CIT(A), is applicable in the assessment year under consideration or not. It is not in dispute that the amendment in section 54 was made w.e.f. 01.04.2015, which does not fall within the assessment year under consideration. There is

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