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2022 (2) TMI 73 - AT - Income TaxDeduction u/s 54F denied - CIT-A deleted the addition - maintainability of appeal - AO was of the view that the assessee did not fulfill the condition as laid down for allowance of exemption under section 54F of the Act. As per the AO, the assessee had received full consideration from NDTV ltd. on 21.10.2011 and till date the assessee had not constructed or taken possession of the new property which is beyond 3 years - HELD THAT:- We find that tax effect involved is lower than ₹ 50 Lacs as prescribed by CBDT Circular No.17/2019 dated 08.08.2019.. Therefore, the appeal deserves to be dismissed being not maintainable.
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