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Section 54F exemption on investment out of borrowed funds, in the name of Karta by HUF & On Renovation of Existing Unit
Case Law Details
- Case Name
- Shri Puranchand & Family (HUF) Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Chennai
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Table of Contents▸
In this case it was held that Exemption under Section 54F cannot be denied to HUF even if capital asset was purchased in the individual name of coparcener of HUF, for investment out of borrowed fund and on expenses incurred to make existing unit fit for human habitation after purchase.
Exemption under Section 54F cannot be denied to HUF even if capital asset was purchased in the individual name of coparcener of HUF.
Exemption under Section 54F cannot be denied even if capital asset was purchased out of borrowed funds
Exemption under Section 54F cannot be denied on exp...
