Deduction U/s. 54F cannot be denied for construction of house on land owned by mother

M/s. Chawala Sweets Vs ACIT (ITAT Jaipur)  Merely because the new house is constructed on a plot of land owned by the mother of the assessee will not disentitle the assesee for claim of deduction u/s 54F of the Income Tax Act. The claim of deduction u/s 54F of the Act was denied by the authorities below on primarily on two grounds that the work carried out by the assessee is not a reconstruction of the house and secondly on the ground that the property on which the assessee claimed to have constructed house is owned by the mother of the assessee and not by the assessee. As regards the proper...