Claim of Capital Gain Deduction u/s 54 of Income Tax Act towards Purchase of Two Adjacent and Joint Flats for the Purpose of one Residence Unit: ITAT Restores Matter to AO for Verification [Read Order]

By Ipsita Das - On October 20, 2023 5:30 pm - 2 mins read
Claim of Capital Gain - Claim - Capital Gain - Deduction - Income Tax Act - Income Tax - Residence Unit - ITAT - AO - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) restored the matter to the file of the Assessing Officer (AO) for verification and examination to allow claim of capital gain deduction under Section 54/54F of Income Tax Act,1961 towards purchase of two adjacent and joint flats for the purpose of one residence unit. The assessee…

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