https://www.taxtmi.com/highlights?id=59739 LTCG - Deduction u/s 54F - Purchase of farmhouse - There is no finding by the learned assessing officer that assessee has purchased excessive land which would be used as a farmland and has for namesake constructed a residential house property. Merely because a property is called a farmhouse, it does not become a non-residential house property unless otherwise proved. - AT en-us Sat, 18 Sep 2021 14:15:13 +0530 Sat, 18 Sep 2021 14:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59739 LTCG - Deduction u/s 54F - Purchase of farmhouse - There is no finding by the learned assessing officer that assessee has purchased excessive land which would be used as a farmland and has for namesake constructed a residential house property. Merely because a property is called a farmhouse, it does not become a non-residential house property unless otherwise proved. - AT Highlights Income Tax Sat, 18 Sep 2021 14:15:13 +0530 https://www.taxtmi.com/highlights?id=59739