Expenses on making house habitable not renovation, exemption u/s 54 allowed
July 14, 2024
Income Tax, ITAT
Expenses for making house habitable are not renovation expenses and hence qualified for exemption u/s 54 In a recent order, the ITAT Delhi has held that when house was purchased in inhabitable condition and expenditure was necessary for the proper electrification, water facilities, wood work, glass work, etc.. …