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2020 (1) TMI 1226 - AT - Income TaxEligibility of deduction u/s 54F - more than one plot of land and construction of a house - when the assessee has purchased four separate plots of land vide four separate sale deeds and has constructed a residential house only on the one plot of land - assessee has merged all these four plots into one plot by erecting a boundary wall covering all the four plots and leaving only one entrance gate - HELD THAT:- The finding of the Tribunal that the property though purchased from two different persons by virtue of four different sale instances in the shape of four different parcels of land, constitutes one single residential unit or house of the assessee was upheld by SMT. SUNITA AGGARWAL. [2005 (11) TMI 43 - DELHI HIGH COURT]. Thus, what is relevant is the purchase of land and construction of house and not how many land parts were purchased by the assessee. Once the land purchased by the assessee vide different sale deeds was merged together to constitute a single plot of land, then construction of the residential house on such land is eligible for deduction under section 54F for the entire investment made in the plot of land as well as construction of house instead of only part of the said land. Accordingly, in the facts and circumstances of the case the entire land through four separate sale deeds and construction of house on the same. The claim of the assessee is allowed.
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