Monday, November 5, 2018

Sec. 54 relief couldn't be disallowed merely because new house was purchased by taking housing loan

IT: Where assessee had purchased new house property within stipulated period of two years from date of transfer of original asset, deduction under section 54 could not be disallowed on ground assessee had utilized housing loan taken for purchase of home

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

No comments:

Post a Comment

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...