1983 (3) TMI 24

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..... " the Act "), the Income-tax Appellate Tribunal, Indore Bench, has referred the following questions of law to this court for its opinion: " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the assessee was not entitled to a deduction under section 54 for the purchase and construction of the house within the stipulated period ? " The .....

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..... arned counsel for the Department, brought to our notice the decision of this court in Shrigopal Rameshwardas v. Addl. CIT [1979] 119 ITR 980. In that case, it has been held by a Division Bench of this court that the word " assessee , used in s. 54 of the Act, construed in its context, refers only to living persons or individuals and not to fictional or artificial juridical persons. We respectfully .....

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