Assessee Denied Section 54F Deduction: New Property Built Before Transfer Date Ineligible for Tax Benefit.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Deduction u/s 54F of the Income Tax Act – construction of new house property / flat - since the construction took place prior to the date of transfer, Assessee is not eligible for deduction u/s 54F - AT....