Exemption u/s 54F - Denial of exemption as appellant received ...

Case Laws Income Tax

September 26, 2020

Exemption u/s 54F - Denial of exemption as appellant received multiple number of flats - Amendment to section 54 & 54F, restricting the claim of deduction to one residential unit was introduced by Finance (No.2) Act, 2014 w.e.f. 1.4.2015 (i.e. from AY 2015-16). Since we are concerned with assessment year 2009-10, the amendment brought out by Finance (No.2) Act, 2014 does not have application for the instant case. - AT

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Exemption u/s 54F - Denial of exemption as appellant received ...

Case Laws Income Tax

September 26, 2020

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