Land Bought Early Still Qualifies: ITAT Says 54F Covers Full House, Not Just Bricks

DCIT Vs Vellore Subramanian Saravanan (ITAT Chennai)

Land Bought Early Still Qualifies: ITAT Says 54F Covers Full House, Not Just Bricks; Encroachers Out, Exemption In: ITAT Allows 97 Lakhs as Cost of Improvement!

Assessee sold land on 31.03.2015 &  earned long-term capital gains. To claim exemption, he constructed a residential house r &  invested a total of ₹13.43 crore. Out of this, ₹1.89 crore represented construction cost &  ₹11.43 crore was the cost of land purchased on 01

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