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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Deduction u/s. 54F - claim in respect of the additional floors ...


Taxpayer's Deduction for New House Construction u/s 54F Accepted; Timing Not Disputed by Department.

June 18, 2019

Case Laws     Income Tax     AT

Deduction u/s. 54F - claim in respect of the additional floors added to the new house - it is not the case of the department that the claim of the assessee is for an extension outside the permitted time limit - new house was purchased and the construction of additional floors was on such new house purchased by the assessee and this new house building purchased by the assessee has been accepted as eligible for deduction u/s. 54F

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