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Section 54 – Two flats on different floors cannot constitute one house
Case Law Details
- Case Name
- Smt. Myrtle D'Souza Vs Income-tax Officer (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2006-07
- Courts
- ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘B’
Smt. Myrtle D’Souza
v/s.
Income-tax Officer
IT APPEAL NO. 3168 (MUM.) OF 2011
[ASSESSMENT YEAR 2006-07]
JUNE 20, 2012
ORDER
R.S. Syal, Accountant Member
This appeal by the assessee arises out of the order passed by the Commissioner of Income-tax (Appeals) on 28.02.2011, in relation to the assessment year 2006-2007.
2. The only dispute raised in this appeal is against the computation of capital gain. There are several aspects involved in this appeal relating to computation of capital gain, which we will shortly advert to. Briefl...
Can we invest in both form ( purchase a house along with bonds ) ?
whether exemption u/s 54F can be claimed for construction of addional floor on house already owned by assesse and construction of new house simultaneously ?