The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Ramesh A. Radhakrishnan v. ACIT held that the date of obtaining absolute legal ownership of the asset is not relevant for granting deduction under section 54/ 54f of the Income Tax Act. The Assessing Officer (AO) noted that a flat was […]
The post Date of Obtaining absolute Legal Ownership of the Asset not relevant for granting Deduction under Sec 54: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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