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Case Law Details

Case Name : Pradeep Kumar Chowdhry Vs DCIT (ITAT Hyderabad)
Related Assessment Year :
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Facts of the case are that the assessee is an Individual. In the return of income filed by him on 30-10-2009, he returned an income of Rs. 56,14,776 after claiming an exemption of Rs. 2,29,82,700 u/s 54F of Income-tax Act, 1961. The assessee had sold a property at Bangalore and had a long term capital gain of Rs. 2,29,82,700. He identified another residential flat at Gurgaon, Haryana called “Palm Drive” for a total consideration of Rs. 2,32,00,000. “Palm Drive” is a project promoted by internationally reputed builders cal

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