Deduction u/s 54F not deniable on ground of pre-owning of residential house in foreign

Smt. Maries Joseph Vs DCIT (ITAT Cochin)

ITAT Cochin held that as per condition mentioned in section 54F deduction is not available if the assessee owns more than one residential house, other than the new asset. The same should be interpreted to mean ownership of residential houses in India. Accordingly, deduction u/s. 54F not deniable if assessee owns two residential houses in USA

Facts- The assessee is a Non-Resident, filed ROI for the AY 2015-16 on 24-8-2016 admitting a

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