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2019 (8) TMI 180 - AT - Income TaxDeduction u/s. 54F - assessee has not become the owner of the property in question - HELD THAT:- Hon’ble Apex Court rendered in the case of CIT Vs. Balbir Singh Maini [2017 (10) TMI 323 - SUPREME COURT] that as per the requirement of section 54, the assessee buyer is not required to become absolute owner of the property in question. On this aspect of the matter, this subsequent judgment of Hon’ble Apex Court does not make difference because as per this subsequent judgment of Hon’ble Apex Court rendered in the case of CIT Vs. Balbir Singh Maini (supra), the assessee has not become the owner of the property in question because there is no registered sale deed executed by the vendor but as per the judgment of Hon’ble Delhi High Court, becoming the owner of the property in question is not required for the purpose of section 54 of the IT Act. Section 54F of the IT Act is parametria with section 54. Hence, we respectfully follow this judgment of Hon’ble Delhi High Court and decide the issue in favour of the assessee.
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