In case assessee purchases more than one residential house, than may he claim exemption for all the residential houses purchased u/s 54 or exemption is available only in respect of one residential house.
30 January 2010
In case the assessee has purchased more than one house/flat within the period prescribed in section 54, it is for the assessee to claim relief against the purchase of any one of the house/flat provided the other conditions mentioned in the section are satisfied.
K.C. Kaushik v. P.B. Rane, ITO [1990] 84 CTR (Bom.) 62
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