https://www.taxtmi.com/caselaws?id=423144 The Tribunal allowed the appeal of the assessee regarding the partial rejection of the deduction claimed under Section 54F of the Income-tax Act, 1961. It held that the assessee was eligible for the deduction considering the ownership and acquisition of the property. The Tribunal also determined that the entire cost of acquisition should be considered for the deduction, including expenses on interiors, renovation, and furnishing. The Tribunal dismissed the revenue's appeal and directed the Assessing Officer to compute the deduction based on the total amount of Rs.1,55,32,895/-, as determined. en-us Thu, 28 Apr 2022 00:00:00 +0530 Tue, 31 May 2022 07:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423144 The Tribunal allowed the appeal of the assessee regarding the partial rejection of the deduction claimed under Section 54F of the Income-tax Act, 1961. It held that the assessee was eligible for the deduction considering the ownership and acquisition of the property. The Tribunal also determined that the entire cost of acquisition should be considered for the deduction, including expenses on interiors, renovation, and furnishing. The Tribunal dismissed the revenue's appeal and directed the Assessing Officer to compute the deduction based on the total amount of Rs.1,55,32,895/-, as determined. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423144