https://www.taxtmi.com/caselaws?id=312135 The ITAT Raipur allowed the assessee's claim for LTCG exemption under Section 54F. The AO had denied the exemption, arguing that expenses were incurred to make the house luxurious rather than habitable, noting the property was rented for 7 months. However, the ITAT found the AO's assessment inadequate, relying only on sub-registrar verification. Following the precedent in Rahana Siraj vs. CIT, the ITAT held the assessee's Section 54F claim was justified and decided in favor of the assessee. en-us Tue, 23 Oct 2018 00:00:00 +0530 Fri, 02 Feb 2024 21:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312135 The ITAT Raipur allowed the assessee's claim for LTCG exemption under Section 54F. The AO had denied the exemption, arguing that expenses were incurred to make the house luxurious rather than habitable, noting the property was rented for 7 months. However, the ITAT found the AO's assessment inadequate, relying only on sub-registrar verification. Following the precedent in Rahana Siraj vs. CIT, the ITAT held the assessee's Section 54F claim was justified and decided in favor of the assessee. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312135