Wednesday, July 11, 2018

Sec. 54F relief couldn't be denied merely because claim wasn't raised in ITR: ITAT

IT : Where assessee utilised sale consideration of property in construction of another residential property within prescribed time period, its claim for deduction of section 54F could not be denied merely on account of fact that assessee had not claimed exemption in return of income

from www.taxmann.com Latest Case Laws https://ift.tt/2Lammer

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...