Section 54 exemption cannot be denied for mere completion of construction in short period 

Smt. Parminder Kaur Bedi Vs ITO (ITAT Jaipur)

At the outset, it is noted that the AO has not disputed the purchase of residential plot by the assessee at Mohali vide sale deed dated 4^th February, 2008. The AO as well as the Id. CIT (A) has doubted the claim of construction of house by the assessee on the said residential plot. The claim was denied mainly on two reasons that the assessee has claimed to have constructed a house within a short period of 2 months through a contractor and secondly the assessee has fail

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