Thursday, June 17, 2021

Booking flat which yet to be constructed under a housing project is eligible for sec. 54 relief: ITAT

INCOME TAX: Where assessee paid amount of sale consideration received from sale of a residential house for purchase of another residential property prior to due date of filing of return of income under section 139(4), his claim for exemption under section 54 was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/3vtLbIF

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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...