Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (12) TMI 932 - ITAT HYDERABADClaim of section 54F deduction - CIT(A) directing the Assessing Officer to consider residential flats received as consideration as part of reinvestment for the purpose of Section 54F, when the assessee received multiple flats located on different floors separated by different blocks of a gated community / apartment complex - HELD THAT:- This tribunal’s recent common order in Revenue’s appeals in CIT Vs. Vittal Krishna, Conjeevaram [2013 (8) TMI 757 - ITAT HYDERABAD], CIT Vs. Syed Ali Adil [2013 (6) TMI 278 - ANDHRA PRADESH HIGH COURT], CIT Vs. Anand Basappa [2008 (10) TMI 99 - KARNATAKA HIGH COURT], CIT Vs. Gita Duggal [2013 (3) TMI 101 - DELHI HIGH COURT], Arun K. Thiagarajn Vs. CIT [2020 (6) TMI 513 - KARNATAKA HIGH COURT], CIT Vs. Gumanmal Jain [2017 (3) TMI 394 - MADRAS HIGH COURT], Tilokchand and Sons [2019 (4) TMI 713 - MADRAS HIGH COURT] to uphold the latter’s claim of section 54F deduction involving other family members. - Decided against revenue.
|