Registration of House 24 months after Sale not ground to deny Exemptions u/s 54F: ITAT [Read Order]
ITAT examined the components required to conclude the ‘Sale’ of House Property in the present matter
By Avinash Kurungot - On October 15, 2024 10:40 am - 2 mins read
The Visakhapatnam Bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that a delay above 24 months to conduct registration of house after sale does not vitiate an Assessee’s ability to avail Exemptions under Section 54F of the Income Tax Act, 1961. ITAT was tasked with adjudicating an Appeal lodged by the…
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