ITO (INTERNATIONAL TAXATION)-1, HYDERABAD vs. KESAVA KUMAR KUNAPUREDDY, HYDERABAD

In the result, the appeal of the Revenue is dismissed

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

house property, in our considered view, the assessee satisfies the conditions provided under Section 54F(1) of the Act and therefore, the A.O. ought not to have disallowed the claim of the assessee as per the provisions of Section 54F(4

DY. COMMISSIONER OF INCOME TAX , CIRCLE-3(1), HYDERABAD vs. MALAYADRI LAXMI NARASIMHAM MULLAPATI, HYDERABAD

In the result, the appeal of Revenue is allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

Section 54F(1) and 54F(4) shows that it speaks of the use of net consideration received on the sale of original asset in the purchase of new asset. In the instant case, the original assets were the assessee's house property

ANITHA BOBBA,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-6(1), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri A. Mohan Alankamonyassessment Year: 2008-09 Smt. Bobba Anitha, Vs. Acit, Hyderabad. Circle-6(1), Pan: Bivpb 4181 K Hyderabad. (Appellant) (Respondent) Assessee By: Shri V. Siva Kumar Revenue By: Shri N. Srikanth, Dr Date Of Hearing: 12/01/2021 Date Of Pronouncement: 04/02/2021 Order Per A. Mohan Alankamony, Am.:

house should be purchased in the name of the assessee only. Section 54F is the beneficial provision which should be interpreted liberally in favour of the exemption/deduction to the tax-payer and deduction should not be denied on hyper-technical ground. The word 'assessee' must be given wide and liberal interpretation so as to include his legal heirs also. There

DCIT., (INTERNATIONAL TAXATION)-1, HYDERABAD vs. SYAMA REDDY MALI REDDY, HYDERABAD

Section 54F of the Act. It was further observed by him that\nthough the assessee had filed her return of income for the A.Y.\n2019-20 on 25.06.2019, but had received the possession letter from\nthe builder on 24.08.2020. The A.O. further observed that the\nassessee had not submitted the occupancy certificate for the new\nresidential house property issued

SRIDHAR REDDY BAYAPU,HYDERABAD vs. DCIT., CIRCLE-3(1), HYDERABAD

Bench: Us:

4. Thereafter, the assessment was framed by the A.O vide his order passed under Section 143(3) of the Act, dated 30/12/2018, wherein the assessee’s claim for exemption raised under Section 54 of the Act on sale of a residential property for Rs.72.54 lacs based on investment made by him in a new residential property was declined. 5. Aggrieved

JOSEPH KIRAN KUMAR REDDY BASANI,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Manjunatha G. Hon’Ble & Shri K. Narasimha Chary Hon’Bleassessment Year: 2015-16 Vs. The Deputy Commissioner Of Joseph Kiran Kumar Reddy Income Tax, Basani, Circle 5(1), C/O. Pary & Co., Chartered Hyderabad. Accountants, No.6, 2Nd Floor, 8-2-703/Vj/6, Vijay Villa, Road No.12, Banjara Hills, Hyderabad – 500034, Telangana. Pan : Agcpb8082B. (Appellant) (Respondent) Assessee By: Shri Vamsi Krishna Reddy, C.A. Revenue By: Shri Karthik Manickam, Sr.Ar. Date Of Hearing: 29.10.2024 Date Of Pronouncement: 29.10.2024

Section 54F of the Act towards amount reinvested for purchase of residential house property at Gopanpalli Village, Serlingampally Mandal, Hyderaad. Accordingly, the appeal of the assessee is allowed for statistical purposes. 11. In the result, the appeal of the assessee is allowed for statistical purposes. Order pronounced in the Open Court on 29th October, 2024. /- (K. NARASIMHA CHARY) ACCOUNTANT MEMBER

RACHIT V SHAH,HYDERABAD vs. ITO, WARD-7(3), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

4 Rachit v. Shah “5.7 The fact that he appellant owned another residential property at 171, 7th floor, Block-A, Srila Heights, St.Johns Road, East Maredpally, Secunderabad (till 26-10-2014) is not disputed by the appellant. The assessee gifted this house property to his father, Sri Vijay kumar shah by way of gift settlement deed in doc.No

SURENDRA BABU SABBINENI,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(2), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year: 2010-11

section 263 proceedings, the AO obtained details of properties owned by the assessee and noticed that out of seven properties, two properties are not residential but the remaining five properties namely the house at Sai Praveen Kuteer, Flat No.1,4 and 204 at Sai Lakshmi Nilayam, Sherilingampalli at Hyderabad and Swastik Apartment at Siliguri are residential units and therefore

SURENDER KUMAR BHOJWANI,HYDERABAD vs. ITO, INTL. TAXTION -1, HYDERABAD

In the result, the appeal filed by the assessee is allowed for statistical purposes in terms of our aforesaid observations

property. According to the development agreement, the assesse was entitled to 48% of the super built-up area in the form of four residential flats. The Hon’ble High Court had held that the four residential flats constitute “a residential house” for the purpose of Section 54 of the Act. Also, we may herein observe that the Hon’ble High

RADHIKA KURRA ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-2(2), HYDERABAD

In the result, appeal of the assessee is dismissed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2013-14 Radhika Kurra, Vs. Asst. Commissioner Of Hyderabad. Income-Tax, Circle – 2(2), Pan – Aedpk 3506Q Hyderabad. (Appellant) (Respondent) Assessee By: Shri Pvss Prasad Revenue By: Shri Sunil Kumar Pandey Date Of Hearing: 29/04/2021 Date Of Pronouncement: 20/07/2021

section 54F of the Act. 1.4 In this regard appellant would respectfully submit that, at the time of sale of the property, appellant was not in possession of more than one residential house as the villas handed over to appellant by Ambience Properties Limited are not in habitable condition and that they are semi-finished villas. This is evident from

NITIN BHATIA,HYDERABAD vs. ITO., WARD-12(1), HYDERABAD

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

Bench: Shri Ravish Sooda N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1472/Hyd/2025 (िनधा"रण वष"/Assessment Year: 2018-19) Shri Nitin Bhatia Vs. Income Tax Officer Hyderabad Ward 12 (1) Pan:Akqpb1898R Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Ca Y.V Bhanu Narayan Rao राज" व "ारा/Revenue By:: Shri S. Arun Kumar, Sr. Dr सुनवाई की तारीख/Date Of Hearing: 16/12/2025 घोषणा की तारीख/Pronouncement: 24/12/2025 आदेश/Order Per Madhusudan Sawdia, A.M.:

4 of 10 ITA No 1472 of 2025 Nitin Bhatia new residential property within two years from the date of transfer of the original residential house, the substantive condition under section 54(1) of the Act stood fully complied with and that the denial of deduction of Rs. 22,51,617/- was solely on account of non-deposit

INCOME TAX OFFICER (INTERNATIONAL TAXATION)-1, HYDERABAD vs. ARUNA GULLAPALLI, HYDERABAD

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2017-18 Income Tax Officer, Vs. Aruna Gullapalli, (International Taxation) – 1, Hyderabad. Hyderabad. Pan No.Bfhpg9489L. (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao Revenue By: Shri Kumar Adithya Date Of Hearing: 23.01.2023 Date Of Pronouncement: 31.01.2023

house, by an individual or Hindu Undivided Family out of the sale proceeds earned by disposing of any long term capital asset. 12.3 Legal precedents u/s 54F which is an analogous section, hold that the fact of utilization of sale proceeds in property, though not registered during the specified period would qualify for the benefit of reinvestment.-- 12.4 For availing

BOLLINENI KRISHNA KUMARI ,HYDERABAD vs. INCOME TAX OFFICER, WARD-11(3), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

54F: Alternatively the assessee claimed deductions is] s 54 F of the LT. Act. It is pertinent to mention here th.at assessee is having more than one house as on the date of transfer of the original asset. The 7 Bollineni Krishna Kumari assessee herself admitted income from house property from two houses. The details of two houses

KRISHNA KISHORE REDDY MANYAM ,HYDERABAD vs. INCOME TAX OFFICER, WARD-6(4) , HYDERABAD

In the result, the appeal filed by the assessee is partly allowed\nfor statistical purposes in terms of our aforesaid observations

property were to be\nallowed only to the extent the same were made by him before the\n“due date” for filing of his return of income. We say so, for the\nreason that Section 54F of the Act, inter alia, contemplates the\nutilization of the \"net consideration" towards the purchase or\nconstruction of the new house before the “date

MAHARSHI GOGINENI ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-14(1), HYDERABAD

In the result, appeal of assessee is allowed in part

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

section 54F of the Act, on the ground that the acquisition of the residential house did not take place within three years, as depicted by law. Ultimately, however, the Sale deed was executed in favour of the assessee on 25/10/2019. Copies of agreement of sale dated 17/06/2015 and the sale deed dated 24/10/2019 are filed and they form part

GUNDALA MAHENDER,,HYDERABAD vs. INCOME TAX OFFICER, WARD-11(3), HYDERABAD

The appeals of the assessees are dismissed

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyआ.अपी.सं / निर्धारण वर्ा / अपीलधर्थी / प्रत् यर्थी /

section 54F of the Act, the Tribunal set aside the issue to the file of the learned Assessing Officer for deciding the said issue afresh after conducting necessary enquiry and directed the assessee to produce necessary evidence to show that the property constructed was a residential house, on the ground that the authorities below did not make any attempt

GUNDALA SARVOTTAM RAO,HYDERABAD vs. INCOME TAX OFFICER, WARD-11(3), HYDERABAD

The appeals of the assessees are dismissed

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyआ.अपी.सं / निर्धारण वर्ा / अपीलधर्थी / प्रत् यर्थी /

section 54F of the Act, the Tribunal set aside the issue to the file of the learned Assessing Officer for deciding the said issue afresh after conducting necessary enquiry and directed the assessee to produce necessary evidence to show that the property constructed was a residential house, on the ground that the authorities below did not make any attempt

DY. COMMISSIONER OF INCOME TAX , CIRCLE-6(1), HYDERABAD vs. IQBAL ALI KHAN , HYDERABAD

In the result, appeal filed by the Revenue is allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarआ.अपी.सं /Ita No.505 /Hyd/2020 (िनधा"रण वष" / Assessment Year: 2013-14) Asstt. Cit Vs. Shri Iqbal Ali Khan, Circle 6(1) Hyderabad Hyderabad Pan:Aalpi8951P (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Mohd. Afzal राज" व "ारा/Revenue By:: Smt. Sheetal Sarin, Dr सुनवाई की तारीख/Date Of Hearing: 09/01/2024 घोषणा की तारीख/Pronouncement: 12/01/2024

4. The learned Assessing Officer erred in assuming that just because the assessee could not get sanction from the Municipal Authorities, for the construction of the house property, the construction period from September 2012 to July 2013 is doubtful and assessee is not eligible for the deduction u/s 54F. 5. The learned Assessing Officer disallowed the claim u/s 54F, only