Sec. 54F relief couldn't be denied if inspector of dept. had duly verified construction of new house

IT: Where assessee had sold an agricultural land and utilised sale consideration for construction of new residential house and claimed deduction under section 54F, since both Assessing officer and Commissioner (Appeals) had agreed to fact that Inspector had visited site and had reported that new house was constructed, exemption under section 54F could not be denied simply because bills and vouchers were not produced

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