Independent Building with multiple Residential Units Eligible For Section 54F Exemption

Sri Ramaiah Harish Vs ITO (ITAT Bangalore) Independent Building With More Than One Residential Units Eligible For Capital Gain Exemption, Rules ITAT Sri Ramaiah Harish (the Appellant) has filed this appeal challenging the order dated March 01, 2019 passed by Commissioner of Income tax (Appeals), Bengaluru (the CIT(A)) for the assessment year 2015-16. The Appellant is aggrieved by the decision of Ld. CIT(A) in confirming the rejection of claim for deduction under Section 54(F) of the Income-tax Act,1961 (the IT Act). Factually, the Appellant has sold a property jointly held by him along with hi...