The Acit, Cochin vs Sri.N.S. Viswanathan, Cochin on 5 April, 2018
entitled to the benefit of section 54 / 54F with regard to two
residential units purchased by him. The co-ordinate Delhi
Bench of the Tribunal in the case of Laxman Singh Rawat v.
ACIT - ITA No.1668/Del/2013 dated 22.08.2014 and
Smt.Rama Vohra v. ITO [(2017) 57 ITR (Trib.) 694 (ITAT-Delhi)]
had categorically held the amendment is prospective and is
applicable for and from Asst.Year 2015-2016 onwards. In the
instant case, the assessment year concerned is 2013-2014
and going by the Co-ordinate Delhi Bench orders cited supra,
the amendment does not have application to the facts of the
instant case.