Friday, October 25, 2019

Date of issue of allotment letter to be taken as date of acquisition of flat for the purpose of sec. 54F exemption

INCOME TAX: While determining assessee's claim for deduction under section 54F in respect of purchase of flat from builder, date of issuance of allotment letter by builder has to be taken as date of acquisition of property

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

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

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