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2014 (4) TMI 1177 - HC - Income TaxEntitlement for exemption under section 54F - Held that:- A perusal of the findings recorded by the CIT(A) and the Tribunal clearly spells out that the appellant had failed to comply with the statutory conditions of Section 54F of the Act. He also failed to adduce any evidence establishing the construction of new residential house. No bills or vouchers were produced by the appellant to justify his claim. Therefore, it has been rightly held that the appellant has failed to discharge the onus to prove construction of residential house and thus is not entitled for exemption under Section 54F of the Act. - Decided against assessee.
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