78 results for “house property”+ Section 54(1)clear
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In the result, appeal in ITA No
Bench: Shri N. V. Vasudevan & Ms. Padmavathy S
1,40,42,400/-. The assessee initially claimed Rs 86,24,063/- being investment in residential house property at "Skyline Infinity', Thrissur and Rs 54,18,377 has been admitted as taxable Long Term Capital Gains. In the course of assessment proceedings, the Assessing officer issued notice stating that the assessee is not eligible to claim exemption under section