Gain arising on sale of office-cum-residential structure eligible for exemption u/s 54F relief and not u/s 54: ITAT

INCOME TAX : Where assessee sold a property comprised of an industrial plot of land with an office-cum-residential structure built up on it, said property in question sold by assessee could not be said to be a residential house, therefore, assessee was not eligible for exemption under section 54 but it was rather eligible for exemption under section 54FINCOME TAX : Where assessee sold a property comprised of an industrial plot of land with an office-cum-residential structure built up on it, said property in question sold by assessee could not be said to be a residential house, therefore, assessee was not eligible for exemption under section 54 but it was rather eligible for exemption under section 54Fwww.taxmann.com Latest Case LawsRead More

Leave a Reply