Exemption u/s 54 - there is no reason to restrict the benefit of ...

Section 54 of Income Tax Act: Pre-2015 Allowed Multiple Homes for Exemption; Post-2015 Restricts to One Unit.

April 12, 2019

Case Laws Income Tax HC

Exemption u/s 54 - there is no reason to restrict the benefit of deduction upon investment in residential houses are plural - If the word 'a' as employed u/s 54 prior to its amendment and substitution by the words 'one' w.e.f 01.04.2015 could not include plural units of residential houses, there was no need to amend - it clear to operate prospectively from A.Y.2015- 2016.

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Exemption u/s 54 - there is no reason to restrict the benefit of ...

Section 54 of Income Tax Act: Pre-2015 Allowed Multiple Homes for Exemption; Post-2015 Restricts to One Unit.

April 12, 2019

Case Laws Income Tax HC

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