Section 54 Deduction available on incomplete construction too consideration received used for constructing a residential house

S.M. Shoba Vs ITO (ITAT Bangalore) Facts- The assessee is an individual and filed her ROI for year under consideration on 05.08.2016 declaring total income of Rs. 8,66,860/-. The said return was selected for scrutiny and statutory notices were issued to assessee. In response to statutory notices, representative of assessee appeared before the AO and filed requisite details called for. From the assessment order, the AO noted that assessee had declared income from other sources of Rs. 8,66,860/- and LTCG of Rs. Nil. We observe that assessee claimed deduction u/s. 54F of Rs.4,64, 16,154/- being c...