LTCG - Rejection of deduction claimed u/s 54F - Deduction u/s ...

Denial of Section 54F Tax Deduction Challenged; Funds Provided for Property Acquisition Should Qualify for Deduction.

May 31, 2022

Case Laws Income Tax AT

LTCG - Rejection of deduction claimed u/s 54F - Deduction u/s 54F of the Act only induces an assessee to make investment in residential house property. If the assessee has herein has given money for acquisition of the property either directly to the builder or as reimbursement to her husband, then the assessee should be given benefit of deduction u/s 54F of the Act for the cost of acquisition.- AT

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LTCG - Rejection of deduction claimed u/s 54F - Deduction u/s ...

Denial of Section 54F Tax Deduction Challenged; Funds Provided for Property Acquisition Should Qualify for Deduction.

May 31, 2022

Case Laws Income Tax AT

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