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2017 (1) TMI 1087 - ITAT HYDERABADExemption u/s 54F - Held that:- AR has submitted a letter confirming the construction of residence and submitted the proof of construction as below: a) Permission from Municipal Corporation, b) NOC for building plan issued by Jubilee Hills Cooperative Society, c) Water connection permission, d) Property assessment receipt and e) Electricity bill The above details were forwarded to the ld. DR, who had verified the details and confirmed the same. Considering the above details, we are inclined to treat the above new assets as part of residential property and accordingly, in our view, the assessee is eligible to get the benefit u/s 54F of the Act. - Decided in favour of assessee.
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