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Purchased Flat in Minor Daughter’s Name, Deduction U/S 54F Allowed by ITAT
Case Law Details
- Case Name
- N. Ram Kumar Vs ACIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09
- Courts
- All ITAT, ITAT Hyderabad
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N. Ram Kumar Vs ACIT (ITAT Hyderabad)
Purchased Flat in Minor Daughter’s Name, Deduction U/S 54F Allowed by ITAT: N. Ram Kumar Vs ACIT (ITAT Hyderabad)
Introduction: The Income Tax Appellate Tribunal (ITAT) Hyderabad recently delivered a significant judgment in the case of N. Ram Kumar vs. ACIT concerning the eligibility of an assessee for exemption under Section 54F of the Income Tax Act, 1961. The central issue revolved around the assessee’s claim for deduction under Section 54F for investing the sale proceeds of shares in a residential flat purchased in the nam...
