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1 - 3 of 3 (0.15 seconds)Commissioner Of Income-Tax vs R.L. Sood on 24 September, 1999
3. The exemption claimed by the assessee was denied to him by the AO.
The AO observed that since the possession of the flat had hitherto not been
handed over to the assessee, the benefit of deduction u/s 54F of the Act was
not available to the assessee. The assessee placed reliance on CBDT
Circular Nos. 471 dated 15.01.1986 and 672 dated 16.12.1993. The
3 ITA Nos.239&241(Del)2010
assessee also placed reliance on the decision of the Hon'ble Delhi High
Court in the case of "CIT v. R.L. Sood", 108 Taxman (Del)227.
Section 54 in The Income Tax Act, 1961 [Entire Act]
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