Tribunal Allows Deduction for Interior Decoration Expenses u/s 54 of Income Tax Act for LTCG Claims.

Deduction / Exemption u/s 54 - LTCG - expenditure incurred on interiors of new residential house property - The appellant's argument centered on the genuineness of these interior decoration expenses. Ultimately, the tribunal ruled in favor of the appellant, allowing the expenditure incurred on interior decoration as a deduction u/s 54. .....

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