https://www.taxtmi.com/caselaws?id=762396 Delhi HC upheld ITAT's decision disallowing deduction under Section 54 for LTCG. Assessee claimed construction of residential house on agricultural land within three-year period but inspector found only makeshift plywood structures (7x6 feet guardroom and 16x12 feet room with toilet) without electricity or water connections. Court held that plywood structures cannot constitute "constructing a residential house" under Section 54, which requires actual residential dwelling unit construction. ITAT's findings were not perverse or manifestly erroneous. en-us Mon, 11 Nov 2024 00:00:00 +0530 Wed, 09 Jul 2025 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762396 Delhi HC upheld ITAT's decision disallowing deduction under Section 54 for LTCG. Assessee claimed construction of residential house on agricultural land within three-year period but inspector found only makeshift plywood structures (7x6 feet guardroom and 16x12 feet room with toilet) without electricity or water connections. Court held that plywood structures cannot constitute "constructing a residential house" under Section 54, which requires actual residential dwelling unit construction. ITAT's findings were not perverse or manifestly erroneous. Case-Laws Income Tax Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762396