2005 (11) TMI 43

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion was being used by the assessee for her own purposes and investment made in the purchase of the same was therefore eligible for deduction under section 54 - In the light of the above finding of fact recorded by the Tribunal no question of law much less a substantial question of law arises for our consideration in this appeal - - - - - Dated:- 16-11-2005 - Judge(s) : T. S. THAKUR., B. N. CHAT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t. The Assessing Officer was, therefore, directed to restrict the benefit under section 54 to 500 sq. yds. of land purchased by the assessee from one of the vendors. In a further appeal before the Tribunal the said view has been reversed and the assessee held entitled to a deduction under section 54. The Tribunal has on an appreciation of the available material recorded a clear finding of fact to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nt. This leads but to the conclusion that the property, though purchased from two different persons, by virtue of 4 different sale instances in the shape of 4 different parcels, constitutes one single residential unit or house of the assessee. The assessee has been residing there with her husband and children even since. She has produced on record all possible evidence in this regard. All of this .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X