https://www.taxtmi.com/caselaws?id=308577 The ITAT upheld the CIT(A)'s decision allowing the assessee's claim for deduction u/s 54 for multiple residential flats, contrary to the Revenue's appeal. The ITAT interpreted "a residential house" to include multiple flats in the same building, following the Karnataka HC precedent. The decision emphasizes the significance of judicial rulings in tax matters and affirms that High Court decisions prevail over Tribunal decisions when consistent. Both appeals were dismissed, affirming the CIT(A)'s order and treating the assessee's additional appeal as dismissed. en-us Thu, 31 Oct 2013 00:00:00 +0530 Wed, 05 Jul 2023 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308577 The ITAT upheld the CIT(A)'s decision allowing the assessee's claim for deduction u/s 54 for multiple residential flats, contrary to the Revenue's appeal. The ITAT interpreted "a residential house" to include multiple flats in the same building, following the Karnataka HC precedent. The decision emphasizes the significance of judicial rulings in tax matters and affirms that High Court decisions prevail over Tribunal decisions when consistent. Both appeals were dismissed, affirming the CIT(A)'s order and treating the assessee's additional appeal as dismissed. Case-Laws Income Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308577