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Income Tax - Highlights / Catch Notes

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Exemption u/s.54F - for all practical purpose, the vacant site ...


Vacant Site Next to Home Qualifies as Appurtenant Land for Section 54F Income Tax Exemption.

May 20, 2020

Case Laws     Income Tax     AT

Exemption u/s.54F - for all practical purpose, the vacant site adjacent to the existing building which was purchased by the assessee through the second sale deed also has to be construed as land appurtenant to the residential house. Hence the assessee is eligible for exemption u/s.54

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