TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The ITAT allowed the assessee's claim for deduction u/s 54F despite the Assessing Officer's objections. It held that the assessee had invested the entire net consideration in constructing a residential house within the stipulated period, satisfying the requirements of Section 54F. The mere fact that the assessee was associated with the concern developing the housing project could not be grounds for denying the deduction. The ITAT relied on judicial precedents, including the Karnataka High Court's decision in CIT vs. Smt. B.S. Shantakumari and the Supreme Court's ruling in Fibre Boards (P) Ltd., to conclude that the assessee was entitled to the deduction u/s 54F.
TaxTMI 
TaxTMI 
