Section 54F exemption available on Multiple Flats obtained under JDA

Ganga Poorna Prasad Vs ACIT (ITAT Bangalore) ITAT: Ownership of several flats under JDA is eligible for Capital Gain Exemption Income Tax Appellate Tribunal, Bangalore (ITAT) held that the Capital Gains Exemption under Section 54 F of the Income Tax Act, 1961 (the IT Act) is available to multiple flats obtained by Sri Ganga Poorna Prasad (Appellant), under a Joint Development Agreement (JDA). The Appellant filed an appeal against the Order dated October 25, 2019 of Commissioner of Income Tax (Appeals) [“CIT (A)”], Mysuru, relating to Assessment Year (“AY”) 2009-2010. Fo...