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of <h1>Co-op Allotments Equal Construction for Tax Benefits u/ss 54 and 54F, Aligning with DDA Scheme.</h1> Allotments of flats or houses by co-operative societies and institutions with schemes similar to the Delhi Development Authority (DDA) should be treated as cases of construction for the purposes of sections 54 and 54F of the Income-tax Act. This decision aligns with the Board's earlier clarification in Circular No. 471, dated 15-10-1986, regarding DDA's Self-Financing Scheme. The Board has extended this treatment to similar schemes by other entities, provided their terms align with those specified in the earlier circular.
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