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2018 (6) TMI 155 - AT - Income TaxExemption u/s. 54F - computation of eligible exemption claim - Held that:- The total cost of the new house claimed by the assessee is to the tune of ₹ 16,81,77,850/- as against ₹ 16 crore noted in the orders of the lower authorities. In our view, if the assessee is able to satisfy that spending of ₹ 81,77,850/- is also within the stipulated period and meets the other conditions prescribed u/s. 54F, the same deserves to be considered for computing the eligible exemption. Since this involves appreciation of factual aspects, for this purpose, we deem it fit and proper to restore the matter back to the Assessing Officer, who shall examine the said limited plea of the assessee and, thereafter compute the eligible exemption u/s. 54F of the Act as per law
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