Section 54F Deduction Allowed for House in Parents’ Name by ITAT Delhi

Rajiv Ghai Vs ACIT (ITAT Delhi)

Introduction: The recent order from ITAT Delhi in the case of Rajiv Ghai vs. ACIT sheds light on the allowance of Income Tax Deduction under section 54F for a house registered in the name of the assessee’s parents. The appeal involves intricate issues related to the Cost of Improvement in properties located in Lucknow and Bangalore. Let’s delve into the detailed analysis of the case.

Detailed Analysis: The primar

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