SANJAY GULABCHAND GUPTA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-4, NAGPUR

In the result, appeal by the assessee stands dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

property on 13.08.2013, transfer of which the assessee had claimed the benefit of Section 54 in AY 2014-15. Hence there arises absolutely no question of claiming by the assessee, leave alone allowing by department the claim of any more benefit on the same residential house. 4.19 Finally it will not be out of place to quote the legislative intent