This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
For exemption u/s. 54F approval of building plan is not necessary
Case Law Details
- Case Name
- B. Sivasubramanian Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
CA Prarthana Jalan
The Hon’ble Chennai ITAT has in the case of B.Sivasubramanian,v/s ITO has held that there is no condition in the provisions of SEC 54F of the I.T Act,1961 that warrants that the building plan of the residential house constructed should be approved by the Municipal Corporation or any other competent authority. If any person constructs a house without approval of building plan, he will be raising construction at his own risk and cost. As far as for availing exemption u/s.54F, approval of building plan is not necessary and benefits of sec 54F cannot be ...
If an Assesse can avail 54F whether he purchased a appurtenant by selling of Resedential house? (As a gift by his relative?)