Amendment restricting Section 54 deduction to only one residential house is prospective

Sanjiv Ahuja Vs ITO (International Taxation) (ITAT Delhi) 

Deduction u/s 54 is restricted to only one residential house by the Finance Act 2014 is prospective in nature and is effective from assessment year 2015-16 and not retrospective in nature and that deduction u/s 54 of the Act in respect of investment made in one residential house can be claimed by the assessee.

FULL TEXT OF THE ORDER OF ITAT DELHI

This appeal

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