Deduction u/s 54 is eligible in respect of more than one property

K. Gopalakrishnan Vs ITO (ITAT Chennai)

ITAT Chennai held that as per the ratio of decision of jurisdictional High Court in CIT V/s Gumanmal it is held that deduction u/s 54 of the Income Tax Act is available in respect of more than one property.

Facts-

The assessee is a non-resident. The assessee being joint owner of a property along with her sister and mother, earning Long-Term Capital Gains from a residential house

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