Assessee Granted Exemption u/s 54F Without Property Ownership Requirement, Aligns With Section 54 Provisions.

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 - assessee has not become the owner of the property in question - becoming the owner of the property in question is not required for the purpose of section 54 - Section 54F of the IT Act is parametria with section 54 - Benefit of exemption u/s 54F allowed.....