https://www.taxtmi.com/caselaws?id=349929 The ITAT upheld the CIT(A)'s decisions on all issues, affirming the assessee's entitlement to a deduction under Section 54 of the Income Tax Act, allowance of brokerage expenses, and indexed cost of construction and improvement. The evidence presented by the assessee, including utility bills and valuation reports, supported the residential nature of the property, reasonableness of brokerage expenses, and the cost of construction and improvement. The ITAT dismissed the revenue's appeal, emphasizing the genuineness of the declarations made to income tax authorities and legal precedents cited. en-us Tue, 10 Oct 2017 00:00:00 +0530 Fri, 27 Oct 2017 09:06:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349929 The ITAT upheld the CIT(A)'s decisions on all issues, affirming the assessee's entitlement to a deduction under Section 54 of the Income Tax Act, allowance of brokerage expenses, and indexed cost of construction and improvement. The evidence presented by the assessee, including utility bills and valuation reports, supported the residential nature of the property, reasonableness of brokerage expenses, and the cost of construction and improvement. The ITAT dismissed the revenue's appeal, emphasizing the genuineness of the declarations made to income tax authorities and legal precedents cited. Case-Laws Income Tax Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349929