https://www.taxtmi.com/caselaws?id=170737 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the appeal filed by the assessee regarding the claim for deduction under section 54 of the Income Tax Act. It was determined that agreements with builders for the construction of flats should be considered cases of "construction" rather than "purchase," affecting the eligibility for deductions under section 54. As the assessee had constructed a house before the transfer of the original house, she was not entitled to claim the deduction. en-us Fri, 12 Sep 2014 00:00:00 +0530 Tue, 24 Feb 2015 17:26:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170737 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) and dismissed the appeal filed by the assessee regarding the claim for deduction under section 54 of the Income Tax Act. It was determined that agreements with builders for the construction of flats should be considered cases of "construction" rather than "purchase," affecting the eligibility for deductions under section 54. As the assessee had constructed a house before the transfer of the original house, she was not entitled to claim the deduction. Case-Laws Income Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170737