The Commissioner of Income Tax(Central) vs. M/s.Madhu Enterprises
ITTA/127/2025HC Telangana12 Feb 2025
Bench: The Learned
Section 132Section 143(3)Section 147Section 148Section 153ASection 260ASection 54F
gain on transfer of certain capital assets
not to be charged in case of investment in residential house.
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Provided that nothing contained in this sub-section shall apply
where.–
(a) the assessee,–
(i) owns more than one residential house, other than the new asset,
on the date of the transfer of the original asset; or”
14.
The AO held that
