Section 54F exemption not eligible if Construction of House not Completed Within 3 Years

Neelima Pravinkumar Khamkar Vs ITO (ITAT Pune)

This appeal by the assessee against the order dated 18-07-2019 passed by the Commissioner of Income Tax (Appeals)-2, Kolhapur [‘CIT(A)’] for assessment year 2011-12.

2. The assessee raised ground Nos. 1 to 7 concerning the only issue is as to whether the CIT(A) is justified in confirming the order of AO in denying the deduction u/s. 54F of the Act.

3. After hearing both the parties, I note that the asses

Please become a Premium member. If you are already a Premium member, login here to access the full content.