Case Law Details
Case Name : Kondamma Vs ITO (ITAT Bangalore)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Bangalore
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Kondamma Vs ITO (ITAT Bangalore)
Once it is demonstrated that the consideration received on transfer has been invested either in purchasing a residential house or in construction of a residential house even though the transactions are not complete in all respects and as required under the law, that would not disentitle the assessee from the benefit under Section 54F.
In the present case, this is not in dispute that the assessee has made investment of Rs. 1 Crore for purchase of residential house and o
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