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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Deduction u/s 54F - assessee is having more than one house - for ...


Assessee with multiple houses denied Section 54F exemption; deemed owner for tax purposes.

November 20, 2019

Case Laws     Income Tax     AT

Deduction u/s 54F - assessee is having more than one house - for all practical purposes, the assessee is the owner of the said houses, and therefore, is not entitled to claim exemption u/s.54F - the exemption u/s.54F has been rightly denied by the AO.

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