ITAT allows sec. 54F exemption on purchasing a residential floor in a building with commercial shops on other floors

INCOME TAX : Deduction under section 54F in respect of purchase of residential property on first floor of a complex having shops constructed on ground floor would be allowable, as, municipal records, purchase deed and copies of electricity bills relating to property placed on record supported contention of assessee that property was residential propertyINCOME TAX : Deduction under section 54F in respect of purchase of residential property on first floor of a complex having shops constructed on ground floor would be allowable, as, municipal records, purchase deed and copies of electricity bills relating to property placed on record supported contention of assessee that property was residential propertywww.taxmann.com Latest Case LawsRead More

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