SHRI. G B SHIVARAJAPPA,BANGALORE vs. INCOME TAX OFFICER, WARD - 4(2)(4), BANGALORE

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri George George K

house property within the time prescribed under section 54F of the Act and thereby made a valid claim, on the facts and circumstances of the case. 5. The authorities below failed to appreciate that the payments made to the vendor was a commercial transaction for sale of property with a consideration and not one out of love and affection