Tuesday, September 16, 2025

Income Tax & Real Estate : Applicability under S.54F of Income-tax Act, 1961 and Residential House

Income Tax & Real Estate : Applicability under S.54F of Income-tax Act, 1961 and Residential House : In this case, where Department argued that "Section 54F is applicable only to individual and HUF and not to a trust", it was held that assessee trust is held to relief under S.54F of Income-tax Act, 1961. - ACIT v. Merilina Foundation [2025] GCtR 1521 (ITAT, Delhi)

No comments:

Post a Comment

Law on Compensation for Land Acquisition Explained by Supreme Court

Law on Compensation for Land Acquisition Explained by Supreme Court Where sale deeds pertaining to different transactions are relied on beha...