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Section 54/54F uses the expression "a residential house" and not "a residential unit", says ITAT


Last updated: 09 March 2021

Court :
ITAT Bangalore

Brief :
The appeal filed by the assessee is directed against the order dated 29-11-2019 passed by Ld CIT(A)-7, Bengaluru and it relates tothe assessment year 2015-16. The solitary issue urged in this appealis whether the Ld CIT(A) was justified in rejecting the claim for deduction u/s 54F of the Income-tax Act,1961 ['the Act' for short].

Citation :
ITA 194/BANG/2020

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