Section 54F Exemption Cannot Be Denied for Small or Modest House Construction

Thirumani Vs ACIT (ITAT Chennai)

Section 54F Exemption Cannot Be Denied for Small or Modest Construction – Habitable Residential House Is Sufficient

The Chennai ITAT held that exemption under Section 54F cannot be denied merely because the constructed residential house is small, modest, or occupies a limited portion of the land. In this case, the assessee claimed deduction under Please become a Premium member. If you are already a Premium member, login here to access the full content.