Deduction u/s 54 and 54F allowed where Non-Completion of Construction was not Assessee’s Fault: ITAT [Read Order]

The New Delhi bench of due Income Tax Appellate Tribunal (ITAT) in the case of Abodh Borar v ITO held that delay in developer’s delivery of possession to which the assessee could not complete the construction was not under assessee’s control, the deduction u/s 54 and 54F of the Income Tax Act shall be allowed. The […]

The post Deduction u/s 54 and 54F allowed where Non-Completion of Construction was not Assessee’s Fault: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/39mz9qU