Section 54F exemption is for cost of new asset, not consideration paid for acquisition
November 13, 2018
Income Tax, ITAT
Section 54F exemption is for cost of new asset, not consideration paid for acquisition. AO was held wrong in holding that expenses were made to make house luxurious and comfortable ABCAUS Case Law Citation: ABCAUS 2625 (2018) (11) ITAT The instant judgment was delivered in a batch of …