Section 54F Exemption on Land Appurtenant to Building or Investment in Building Construction

ACIT Vs Shri Narendra Mohan Uniyal (ITAT Delhi)

Availability of exemption u/s 54F on acquisition of land appurtenant to the building or on the investment on land on which building is being constructed

Provisions of Section 54F which deal with provisions of Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house, read as under:- 54f. (1) [Subject to the provisions of sub-section (4). where, in the case of an assessee being an individual or a Hindu undivided family], the capit

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