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Section 54F11 Section 54B4

SHRI BALDEVBHAI ATMARAM PATEL,,GANDHINAGAR vs. THE DY.CIT, GANDHINAGAR CIRCLE,, GANDHINAGAR

In the result, assessee’s appeal is allowed

ITA 1911/AHD/2015[2011-12]Status: DisposedITAT Ahmedabad24 Jan 2019AY 2011-12

Bench: Shri Pramod Kumar & Ms. Madhumita Roy

For Appellant: Shri D. K. Parikh, A. RFor Respondent: Shri S. K. Dev, Sr. D. R

Section 271(1)(c)Section 54BSection 54F

purchase of plot for construction of one new asset i.e. residential house, he is not entitled to exemption for another house u/s 54F of the Act, still appellant has claimed it in Return of Income which prove beyond doubt that appellant has willfully claimed higher exemption which are not provided in Income tax Act. (iii) The appellant has claimed cost