Exempion u/s 54
Last updated: 12 March 2008
Court :
Supreme Court
Brief :
Citation :
Dr. A. S. Atwal Vs. C.I.T
Held by hon'ble court that tin shed could not be considered as a residential house as it did not have any boundary wall, kitchen etc.Also it didn't have any electricity or water connectioin. As such assessee was not entitled to exemption on sale of the plot u/s 54.
Rahul Tibrewal
Published in Income Tax
Views : 49
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
