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Income Tax - Highlights / Catch Notes

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Exemption u/s 54F - If the assessee has invested money in ...


Section 54F Exemption: Investment in Residential Construction Qualifies for Tax Benefits Despite Incomplete Building Status.

July 19, 2021

Case Laws     Income Tax     AT

Exemption u/s 54F - If the assessee has invested money in constructing the residential house, merely because the construction was not complete in all respects or such building is yet to be completed fully or the building not being in a fit condition for being occupied, would by itself not be a ground for the assessee to be denied the benefit u/s 54F - AT

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