Section 54 not defines quantum of construction to be eligible for Exemption

Pr. CIT Vs Shri Prakash Chand Modi (Rajasthan High Court)

After hearing learned counsel for the parties, we have perused the finding given by the learned ITAT, Jodhpur in the impugned judgment dated 12.07.2017, in which following finding is given by the ITAT, which reads as under:-

5. On consideration of the entire factual position we are of the view that the CIT (A) was justified in granting the benefit claimed u/s 54 by the assessee as the property sold was a residential

Please become a Premium member. If you are already a Premium member, login here to access the full content.