DCIT, CIRCLE 22(2), NEW DELHI, NEW DELHI vs. SAHIL VACHANI, DELHI

Appeal of the Revenue stands dismissed

Bench: Shri Mahavir Singh, Vice Presdient (), Shri Vikas Awasthy& Shriavdhesh Kumar Mishraआअसं.2604/िद"ी/2023(िन.व. 2016-17)

house and accordingly claimed an exemption u/s. 54F of the Act. During the course of assessment proceedings, the assessee furnished a copy of agreement dated 29.07.2016 to substantiate that he had entered into a contract of purchase/construction of the property. The AO rejected assessee’s claim of exemption u/s. 54F of the Act, as the new asset had never come

ARYA SMAJ MODEL TOWN,DELHI vs. PCIT, CENTRAL -3, NEW DELHI

In the result, the appeal filed by the assessee is allowed