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Section 54F Exemption Denied for Owning Multiple Houses with Separate Kitchens: ITAT Delhi
Case Law Details
- Case Name
- Late Shri Ram Kishore Seth Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Delhi
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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
Original house at ND-63, Pitampura demolished & reconstructed under JDA (3 floors).
Builder retained 2nd floor + 25...
Author Info
