Investment on Renovation of New Residential House Eligible for section 54F Exemption

Juveria Begum Vs ITO (ITAT Hyderabad)

The issue under consideration is whether the investment made on renovation of new residential house is eligible for exemption u/s 54F?

In the present case, the assessee have purchased new house against the partial amount of capital gains and have invested the balance consideration in renovation of the said house and have claimed expenditure for such renovation also as ‘exempt’ Please become a Premium member. If you are already a Premium member, login here to access the full content.