Section 54 deduction should be Reckoned from Date of Possession Handover by Builder

Sunil Amritlal Shah Vs ITO (IT) (ITAT Mumbai)

Appeals Overview: Both Mr. Sunil A Shah (ITA No. 4069/M/2023) and Mrs. Rita Sunil Shah (ITA No. 4070/M/2023), spouses, filed appeals against the assessment orders passed on October 3, 2023. These orders denied their claims for exemption under Section 54 of the Income Tax Act

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