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Case Law Details

Case Name : Smt. S. Uma Devi Vs CIT (ITAT Hyderabad)
Related Assessment Year :
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Section 54F – Assessee cannot be presumed to be owner of  Property Purchases by Minor Daughter Out of own resources

Office space, situated in a commercial complex cannot be treated as residential House Property despite showing rent as  Income from House Property.

The ld CIT raised query at para 2.1 of 263 order that the assessee had disclosed long term capital gain on sale of undivided share in land situated at Rajat Manzil, Somajiguda, Hyderabad at Rs.2,18,46,264 and long te

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