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Can assessee claim exemption U/s. 54 for acquisition of more than one house?
Case Law Details
- Case Name
- K.C. Kaushik Vs P.B. Rane (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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Where more than one residential house is purchased out of the sale proceeds of one residential house, exemption u/s 54 can be claimed only in respect of one house, provided the other conditions of Sec 54 are satisfied. [K.C. Kaushik v ITO 185 ITR 499 (Bom.)(1990)].
——
Bombay High Court
K.C. Kaushik
vs
P.B. Rane,
Date of Pronouncement- 2 April, 1990
Equivalent citations: 1990 (3) Bom CR 160, 1990 185 ITR 499 Bom
Bench: T Sugla
JUDGMENT T.D.Sugla
1. The petitioner is in the service of the Bank of Baroda. He purchased a flat in Suvarnadeep Co-operative Housing S...
