https://www.taxtmi.com/caselaws?id=780803 ITAT COCHIN upheld disallowance of a Section 54F deduction for additional costs incurred after purchase, finding those expenses were for renovation/improvement and not eligible as purchase of a new residential unit, in line with relevant HC precedents. The tribunal directed the AO to allow a Section 80C deduction for LIC premium on production and verification of the premium receipt. Ground relating to Section 80C was allowed for statistical purposes; the claim under Section 54F was rejected. en-us Mon, 22 Sep 2025 00:00:00 +0530 Wed, 05 Nov 2025 13:03:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780803 ITAT COCHIN upheld disallowance of a Section 54F deduction for additional costs incurred after purchase, finding those expenses were for renovation/improvement and not eligible as purchase of a new residential unit, in line with relevant HC precedents. The tribunal directed the AO to allow a Section 80C deduction for LIC premium on production and verification of the premium receipt. Ground relating to Section 80C was allowed for statistical purposes; the claim under Section 54F was rejected. Case-Laws Income Tax Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780803