2019 (6) TMI 345

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..... BILLAIYA, AM This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals], Moradabad, dated 30.08.2017 for Assessment Year 2014-15. 2. The only grievance of the assessee is that the CIT(A) erred in confirming the addition made by the Assessing Officer on account of long term capital gain on sale of jewellery amounting to Rs. 4,88,902/-. 3. Facts on re....

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....ruction/ completion of a house to prove the bonafide intention of construction and without proof the benefit of section 54F cannot be given. 6. Before me the counsel for the assessee stated that cost of investment in land is also eligible for the benefit of section 54F of the Act. The counsel produced a completion certificate issued by Nagar Nigam Moradabad. It is the say of the counsel that thi....