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Income Tax

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

Case Law Details

Case Name
Rajiv Ghai Vs ACIT (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2016-17
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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 primary contention revolves around the disallowance of deductions concerning the Cost of Improvement in the Lucknow and Bangalore houses. In Luckn...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,080

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