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2021 (1) TMI 213 - AT - Income TaxEntitlement to deduction u/s 54 - built-up area received from the builder as per the JDA - (LTCG) arising from Joint Development Agreement (JDA) - HELD THAT:- In the present case, all the flats for which the assessee is claiming exemption u/s 54 of the I.T.Act are situated in the same premises. Therefore, the judgment rendered in the case of Smt.K.G.Rukminiamma [2010 (8) TMI 482 - KARNATAKA HIGH COURT] will squarely apply. In the light of the above judicial pronouncements on identical facts, we are of the view that the assessee is entitled to deduction u/s 54 of the I.T.Act on the entire built-up area received from the builder as per the JDA dated 28.04.2008.
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