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HC upholds tax deduction for house with multiple floors
The Morning Standard
|May 15, 2025
The Delhi High Court has ruled that owning multiple floors or portions of a residential property doesn't disqualify an assessee from claiming deductions under Section 54F of the Income Tax Act.
The decision by a bench of Justices Vibhu Bakhru and Tejas Karia clarifies that such ownership constitutes "one residential house," reinforcing precedents on capital gains exemptions.
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The Morning Standard
GREATEST ARTIST ON AND OFF THE FIELD
LIONEL MESSI
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December 14, 2025
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CAUGHT IN A PERFECT STORM
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1 min
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South realtors eyeing a pie of north market
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3 mins
December 14, 2025
The Morning Standard
27 Maoist-hit dists under MHA scanner
THE Ministry of Home Affairs (MHA) has said 27 districts freed from Maoists' stranglehold have been brought under the security-related expenditure (SRE) scheme to prevent return of leftwing extremism (LWE).
1 mins
December 14, 2025
The Morning Standard
Blast accused a proclaimed offender, says Srinagar court
A National Investigation Agency (NIA) court in Srinagar has declared absconding Dr Muzaffar Ahmad Rather, a resident of J&K’s Kulgam and an accused in “white-collar” Jaish terror network involved in November 10 Red Fort blast as “proclaimed offender”.
1 min
December 14, 2025
The Morning Standard
'₹92cr assets of urban Naxals' seized in 10 yrs'
IN a decade-long crackdown the security agencies have widely disrupted Naxalite operations, confiscating assets totalling ₹92 crore, the central government said on Saturday.
1 min
December 14, 2025
The Morning Standard
5.7K trees to go for U'khand highway expansion
AS environmentalists continue to protest the felling of over 6,000 trees for a highway project in Uttarkashi, another major ecological concern has emerged from the Kumaon region.
1 min
December 14, 2025
The Morning Standard
40-yr-old lynched to death in Bihar over religious identity
A 40-year-old man was lynched by a mob after ascertaining his religious identity in Bihar's Nawada district, sources said on Saturday.
1 mins
December 14, 2025
The Morning Standard
Russian ally Belarus frees 123 prisoners as US lifts sanctions
THE United States will lift sanctions on Belarusian potash in the latest sign of a thaw between Washington and the isolated autocracy
1 min
December 14, 2025
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