The Income Tax Appellate Tribunal (ITAT), Bangalore has held that the deduction from capital gain under section 54F of the Income Tax Act is allowable on the cost of construction of the additional floors in the newly purchased residential house. The assessee sold an industrial unit and invested the sale consideration for the purchase of […]
The post ITAT allows Sec 54F Relief for Additional Floors of New House [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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