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ITAT Delhi rules that Section 54F exemption cannot be denied due to builder’s delay in possession, holding that genuine investment intent is sufficient for tax relief.
Section 54F of the Income Tax Act allows investors to save long-term capital gains tax by reinvesting equity gains into a residential house. Rules, timelines, loans, and court cla…
ITAT rules that owning multiple residential houses disqualifies Section 54F exemption. Strict interpretation of “one residential house” impacts capital gains tax planning.
ITAT Pune held that the AO wrongly compared stamp duty and ready reckoner values, causing an unjustified ₹75.33 lakh addition. The tribunal restored the Section 54F exemption and …
Delhi ITAT rules that a farmhouse qualifies as a residential house for Section 54F capital gains exemption. Tribunal’s decision in ACIT vs Rajat Bhandari provides major relief for…