Case Law Details
Case Name : Shyamlal Tandon Vs ITO (ITAT Hyderabad)
Related Assessment Year : 2003- 04
Courts :
All ITAT ITAT Hyderabad
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CA Sandeep Kanoi
It is evident from the impugned orders of the lower authorities and other material on record that intention of the parties when the development agreement was entered into was to construct a residential property. Municipal permission has also been obtained only for construction of a residential complex.
Ultimately, the assessee has received possession of such residential property. It may be true that the said property was put to use subsequently for commercial
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Author Bio
Please reply How I can get the benefit of section 54F on commercial Property sold and was commercial and the property purchase was commercial.
Kind Regards,
R.Sakthivel
How I can get the benefit of section 54F on commercial property, where the property sold was commercial and the property purchase was commercial.,