charging interest u/s 234B & 234D of the Act and as also
in withdrawing interest u/s 244A of the Act. The appellant totally ... filing of return of income u/s 139(1)
and has claimed exemption u/s 54F of the Act and even the same has
been
Section 54F and as such, the assessee was held not to be entitled to any deduction Under Section 54F of the Act ... Section 27 of the Act could not be extended for determining ownership of the house for other Sections of the Act. Section
fact
that Sub Section (1) of Section 54F has been made subject
to Sub Section (4) of the Act. The requirement under
Section 54F ... Section 139(1) of the Act but would
include all sub section of Section 139 Including sub section (4)
of the Act. On the above
section 54F
of the Act impose another condition for claiming deduction u/s.54F(1) of the Act.
provides as follows :-
" Section 54F ... seen from the provision of sub- section 4 of section 54F of the Act that
where the net consideration received on transfer of a capital
u/s 54F on purchase of two
residential house property which is not allowable and as per
provisions of section 54F of the IT Act ... u/s 54F on purchase of two
residential house property which is not allowable and as per
provisions of section 54F of the IT Act
54F of the Act and Section 54F(1) is
not subject to Section 54F(4) of 1961 Act. It is submitted that ... within the period stipulated in Sub-Section (1) of
Section 54(F) of the Act then Section 54F(4) of the Act
other. There is no mention Under Section 50 of the Act referring
to the provision of section 54F of the Act and vice versa. Therefore ... under:
"6.1. A combined reading of section 54F(1) and 54F(4) of the Act, it is
evident that the assessee would be entitled
same as business income and thereby allowing the deduction under section 54F
of the Act.
ITA nos.1908& 1991/AHD/2018
Asstt. Year ... while framing the
assessment under section 143(3) of the Act except denying the exemption claimed
under section 54F of the Act which is contrary
erred in invoking jurisdiction u/s
263 of the Income Tax Act, 1961 in respect of deduction u/s
54F on two flats bearing ... under section 263 of the Act on merits and still storing the
issue of allowability of deduction under section 54 of the Act
Assessee is not eligible for exemption u/s 54F on the following reasons:-
1. Exemption u/s 54F is available for purchase of the residential ... 2016 that the
exemption was claimed under section 54F and not under section 54B of the Act
and the same was reiterated before her vide
