SRI KANDADA BABU RAO, R.R. DIST,HYDERABAD vs. ACIT CIRCLE - 8(1), HYDERABAD

In the result, all the appeals of the assessees are partly allowed

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

house, the property is owned by Smt. K. Anitha and not the assessee. He, therefore, disallowed the claim of deduction u/s 54F. Similarly, he also disallowed assessee’s claim of deduction u/s 54B on the ground that assessee is an HUF, whereas section 54B is applicable only to individuals. He also disallowed the expenditure on sale of land

BANDA MALLESH (HUF), R.R.DIST,HYDERGUDA VILLAGE vs. ACIT, CIRCLE-8(1),, HYDERABAD

In the result, all the appeals of the assessees are partly allowed