No Sec. 54F relief if construction was done on residential house exclusively owned by father & not by HUF

INCOME TAX : Assessee claimed deduction under section 54F of Rs. 23.76 lakhs as said amount was stated to be incurred in construction of residential house, however, assessee himself explained that said house was owned by his father who inherited same through Will and there was a probate order from Court. Ownership of house through Will by father of assessee proves fact that such residential house was exclusively owned by father of assessee and not a HUF property.

from www.taxmann.com Latest Case Laws https://ift.tt/2Xqfh0R