S.54 Date of commencement of construction not material for claiming deduction

 ITAT AHMEDABAD BENCH ‘C’ Assistant Commissioner of Income-tax, Circle – 7 V/s. Subhash Sevaram Bhavnani IT APPEAL NO. 928 (AHD.) OF 2012 [ASSESSMENT YEAR 2008-09] JUNE 29, 2012 ORDER D.K. Tyagi, Judicial Member This is Revenue’s appeal against the order of ld. CIT(A)-XI, Ahmedabad dated 08.02.2012 directing the A.O. to allow entire deduction u/s 54 of the Act, as claimed by the assessee. 2. Brief facts of the case are that during the assessment proceedings the A.O. noticed that the assessee has sold residential house property situated at 3/6, Golden A...