2024 (8) TMI 113

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....ri Sailen Samadder, Addl. CIT- Sr. DR ORDER PER SANJAY GARG, JUDICIAL MEMBER: The present appeal has been preferred by the assessee against the order dated 18.12.2023 of the National Faceless Appeal Centre [hereinafter referred to as 'CIT(A)'] passed u/s 250 of the Income Tax Act (hereinafter referred to as the 'Act'). 2. The sole issue involved in this appeal is relating to the quantu....

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.... The ld. DR, on the other hand, has relied the findings of the lower authorities. 6. We have considered the rival contentions and gone through the record. It has been held time and again that the provisions of section 54F are beneficial provisions intending for the purchase and construction of new residential house. The assessee and her husband admittedly are old aged. The house has been purcha....

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....uction u/s 54B of the Act, has held that the deduction u/s 54B could not be denied merely because the land was purchased in joint name of assessee and his only son who was bachelor and dependent upon him. Similarly, the Hon'ble Delhi High Court in the case of CIT Vs Kamal Wahal ITA 4/2013 vide order dated 11.01.2013 reported in (2013) 84 CCH 0024 (Del HC) : (2013) 214 Taxman 0287, in respect o....