Section 54F Exemption Denied for Owning Multiple Houses with Separate Kitchens: ITAT Delhi

Late Shri Ram Kishore Seth Vs ITO (ITAT Delhi)

Residential Units vs Residential House: ITAT Draws the Line- Multiple Kitchens, No 54F: Tribunal Says Assessee Owned More Than One House

1. Background

• Appeal filed by Legal Heir of Late Shri Ram Kishore Seth against NFAC order dated 16.01.2024.
• Scrutiny under CASS for cash deposits during demonetisation & capital gains / deduction u/s 54F.

2. Issue 1 – Deduction u/s 54F on JDA Property

Assessee’s Claim

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