Section 54F deduction on cost of additional floors on new house

Shri Ramakrishna Aswatgh Vs ITO (ITAT Bangalore)

In the present case, new house was purchased and the construction of additional floors was on such new house purchased by the assessee and this new house building purchased by the assessee has been accepted as eligible for deduction u/s. 54F.

FULL TEXT OF THE ITAT JUDGEMENT

This appeal is filed by the assessee and the same is directed against the order of Id. CIT(A)-6, Bangalore dated 27.11.2018 for Assessment Year 2015-16.

2. The grounds raised by the assessee are as under.

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