Deduction under section 54F available on construction of building

IN THE ITAT HYDERABAD BENCH ‘A’ Smt. Dharam Shobha Rani v/s. Income-tax Officer IT APPEAL NOS. 72 & 454 (HYD.) OF 2012 [ASSESSMENT YEAR 2006-07] JULY 20, 2012 ORDER Chandra Poojari, Accountant Member This appeal by the assessee is directed against the order of the CIT(A)-II, Hyderabad dated 27.02.2012 for the assessment year 2006-07. The assessee also filed a Stay Application arising out of the above appeal. Since the appeal and Stay Application belong to one assessee they are clubbed together, heard together and are being disposed of by this common order for t...