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2017 (9) TMI 1772 - AT - Income TaxRevision u/s 263 - deduction u/s 54 - CIT-A considering 17.10.2008 as the date of sale of property instead of 07.10.2008 - The issue in the instant case is whether the assessee has purchased within one year before the date of transfer one residential house? - Held that:- The CIT has not disputed 10.10.2007 i.e. the date on which possession was handed over to the assessee of the property at Poornima Building. We find that the sale of the flat at Runwal Towers took place on 07.10.2008 as per the ‘Agreement for Sale’. Thus following the judgment of the Hon’ble Bombay High Court in Smt. Beena K. Jain [1993 (11) TMI 7 - BOMBAY HIGH COURT] we hold that the assessee has fulfilled the condition laid down in section 54F of the Act. Accordingly, we cancel the order u/s 263 passed by the CIT - Decided in favour of assessee
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