Assessee's Section 54 exemption claim denied due to lack of documentary proof for new residential investment.

Assessee's Section 54 exemption claim denied due to lack of documentary proof for new residential investment. https://www.taxtmi.com/highlights?id=60196 Exemption u/s 54 - no documentary evidence to substantiate the claim that any amount was invested for purchase of new residential house except a certificate of builder wherein the assessee is a partner that assessee booked a residential flat. No number of residential unit, cost of new residential property or any other details of scheduled of payment is furnished - assessee failed to substantiate the claim - AT en-us Thu, 21 Oct 2021 17:13:38 +0530 Thu, 21 Oct 2021 17:13:38 +0530 TaxTMI RSS Generator Assessee's Section 54 exemption claim denied due to lack of documentary proof for new residential investment. https://www.taxtmi.com/highlights?id=60196 Exemption u/s 54 - no documentary evidence to substantiate the claim that any amount was invested for purchase of new residential house except a certificate of builder wherein the assessee is a partner that assessee booked a residential flat. No number of residential unit, cost of new residential property or any other details of scheduled of payment is furnished - assessee failed to substantiate the claim - AT Highlights Income Tax Thu, 21 Oct 2021 17:13:38 +0530 https://www.taxtmi.com/highlights?id=60196