https://www.taxtmi.com/caselaws?id=754859 ITAT Hyderabad dismissed assessee's claim for deduction u/s 54F of the Income Tax Act. The assessee claimed deduction for constructing a residential house on gifted land under Muslim Personal Law. However, the property was predominantly used for religious purposes including mosque, orphanage school, and staff quarters. The tribunal found the property did not qualify as a residential house under section 54F, noting contradictory statements about residential use and lack of evidence showing investment in residential construction. The tribunal ruled no pro-rata deduction was available and upheld the AO's order denying the deduction. en-us Fri, 12 Jan 2024 00:00:00 +0530 Tue, 02 Jul 2024 07:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754859 ITAT Hyderabad dismissed assessee's claim for deduction u/s 54F of the Income Tax Act. The assessee claimed deduction for constructing a residential house on gifted land under Muslim Personal Law. However, the property was predominantly used for religious purposes including mosque, orphanage school, and staff quarters. The tribunal found the property did not qualify as a residential house under section 54F, noting contradictory statements about residential use and lack of evidence showing investment in residential construction. The tribunal ruled no pro-rata deduction was available and upheld the AO's order denying the deduction. Case-Laws Income Tax Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754859