Deduction u/s 54, with respect to two houses located in different areas, not available

Sumeet Dhiman Vs ACIT (ITAT Delhi)

Held that the assessee can take shelter and claim deduction u/s 54 only when the assessee invests the long term capital gain in purchase or construction of a single residential house.

Facts-

AO noted that the appellant sold a residential property and earned capital gain of Rs. 76,64,058/-. The assessee claimed deduction u/s 54 with respect to investment in two different houses i.e. purchase of new residential house and repayment of

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