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2019 (6) TMI 244 - AT - Income TaxDisallowance of claim u/s 54F - assessee did not purchase new house within the stipulated time of one year prior to the date of transfer of original asset - HELD THAT:- It can be seen that the assessee did not purchase new house within the stipulated time of one year prior to the date of transfer of original asset as per the requirement while claiming deduction u/s 54F. Besides this renovation to old house which was purchased before the date of transfer of original asset will not entitle the assessee to claim deduction u/s 54F. It is pertinent to note that the decisions relied upon by the Ld. AR will also not support the case of the assessee as in assessee’s case the purchase of new house was on 10.10.2013 while sale deed of Okhla Property was executed on 26.03.2015. - Decided against assessee.
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