Purchasing semi-finished flat to be treated as purchase of property for construction u/s 54 claim

INCOME TAX: Where assessee, having sold residential property, utilised sale consideration for booking a semi-finished flat with a builder in which assessee had to carry out internal fit-outs to make it liveable on its own, same was to be treated as case of construction of property and not purchase of property for claiming exemption under section 54

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