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2017 (10) TMI 1083 - ITAT DELHIDisallowing the claim of exemption u/s 54F - amount spent within the extended period of time - non submission bills of the construction of the property - Held that:- As regards the bills relating to construction of property, the assessee has submitted the valuation report of the approved valuer in which no defect has been pointed out and also the AO has not referred the matter to the DVO. In such circumstances, the report of the registered valuer has to be considered as final and therefore the allegation of the AO becomes ineffective. Moreover, the controversy of not depositing money under capital Gain Account gets resolved once having spent the amount under Section 54F of the Act within the extended period of time - Decided against revenue
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