ITAT allows Deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]
ITAT allowed the deduction claimed under Section 54F of the Income Tax Act, 1961 with respect to all apartment units received pursuant to Joint Development Agreement ( JDA)
By Aparna. M - On May 23, 2024 4:03 pm - 2 mins read
The two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) allowed the deduction claimed under Section 54F of the Income Tax Act, 1961 with respect to all apartment units received pursuant to Joint Development Agreement ( JDA). The Assessee, Narayanappa Ramanna along with his four brothers, had entered into a Joint Development…
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