Assessee purchased four flats constituting single residential ...

Taxpayer bought 4 flats as single unit, got deduction u/s 54F on capital gains from asset sale for entire cost despite separate IDs.

Case Laws Income Tax

July 10, 2024

Assessee purchased four flats constituting single residential unit within stipulated time period u/s 54F. Despite separate identification numbers, flats were merged and registered as single unit by builder. Tribunal held assessee eligible for deduction u/s 54F against capital gains from sale of asset for entire cost of four flats, treating them as one residential unit. Appeal allowed.

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Assessee purchased four flats constituting single residential ...

Taxpayer bought 4 flats as single unit, got deduction u/s 54F on capital gains from asset sale for entire cost despite separate IDs.

Case Laws Income Tax

July 10, 2024

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