https://www.taxtmi.com/caselaws?id=426779 The Tribunal allowed the appeal in part, directing the Assessing Officer to permit the full construction cost of Rs.74.09 Lacs paid to the contractor, the direct construction cost of Rs.40.88 Lacs incurred by the assessee, and to exclude the sale consideration of the Kolathur property from the proportionate deduction calculation under Section 54/54F. The AO was instructed to re-compute the assessee's income based on these directives. en-us Wed, 17 Aug 2022 00:00:00 +0530 Thu, 25 Aug 2022 08:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426779 The Tribunal allowed the appeal in part, directing the Assessing Officer to permit the full construction cost of Rs.74.09 Lacs paid to the contractor, the direct construction cost of Rs.40.88 Lacs incurred by the assessee, and to exclude the sale consideration of the Kolathur property from the proportionate deduction calculation under Section 54/54F. The AO was instructed to re-compute the assessee's income based on these directives. Case-Laws Income Tax Wed, 17 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426779