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Case Law Details

Case Name : Smt. Nimmagadda Sridevi Vs The DCIT (ITAT Hyderabad)
Related Assessment Year : 2008- 09
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Brief facts of the case are that the assessee is a director in M/s. Veen Promoters Pvt. Ltd. There was a survey u/s. 133A of the Act on 14.7.2009 in the case of M/s. Veen Promoters Pvt. Ltd. The assessee filed return of income for the A.Y. 2008-09 on 31.7.2009 declaring total income at Rs. 24,99,289 after claiming deduction u/s. 54F at Rs. 5,30,04,081 has invested in H. No. C-10, AFCHS, Sainikpuri, Secunderabad according to which the investment was made during the period from August, 2007 to July, 2008. It is also on record that the assessee sold property bearing No. 986 Road No. 50, Jubilee H...
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0 Comments

  1. Saurabh says:

    What will be the interpretation of the law in case someone booked a plot and made partial payment towards it before the transfer of original asset?

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