Allowing the appeal of the assessee the Tribunal held that , the Income –tax Act , nowhere states that option o selecting a self occupied property , once exercised , cannot be changed. Accordingly the tax payer can change his selction during assessment proceedings .( ITA No.5616/Mum/2015 dt. 23-05-2018 , “ F” ) ( AY. 2011-12)
Venkatavarthan N. Iyengar v. ACIT ( Mum) (Trib)
S.23: Income from house property –Annual value – The assessee has the option to claim as self occupied property which is more beneficial to him [ S.22 ]