Deduction u/s 54F - delay in delivery of possession of the ...

Section 54F Deduction Valid Despite Property Possession Delays; Focus on Timely Investment of Capital Gains.

May 8, 2020

Case Laws Income Tax HC

Deduction u/s 54F - delay in delivery of possession of the property - investment of the entire capital gains for construction of a residential house within the stipulated period alone is relevant, and delivery of possession by the builder/promoter of the assessee of the said residential house cannot be a ground to deny the assessee deduction under Section 54F of the Act, for the reason that the assessee has no control over the actions of the builder/promoter and he cannot be punished for the delay on the part of the builder/promoter in delivering possession.

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Deduction u/s 54F - delay in delivery of possession of the ...

Section 54F Deduction Valid Despite Property Possession Delays; Focus on Timely Investment of Capital Gains.

May 8, 2020

Case Laws Income Tax HC

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