INCOMETAX OFFICER, WARD-3(1), VISAKHAPATNAM vs. SURENDRA NATH GUBBALA, VISAKHAPATNAM

Bench: Us:

Section 48 of the Act. Also, the Ld. DR objected to allowing the assessee’s claim for deduction of an amount of Rs. 2 crores that was paid by the purchaser of the property to M/s Kothapeta Settibalija Ramamandiram Committee (supra), while computing the capital gain on the sale of the subject properties. The Ld. DR submitted that

ARABOLU VENKATA NAGA DEEPATHI REPRESENTED BY POWER OF ATTORNEY HOLDER, N. SATYARAMANUJAMM ,VISAKHAPATNAM vs. INCOME TAX OFFICER(INTERNATIONAL TAXATION), VISAKHAPATNAM

In the result, the appeal fails and the same is hereby dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.178/Viz/2018 (ननधधारण वर्ा/ Assessment Year : 2010-11) Smt.Arabolu Venkata Naga Deepthi Vs. Income Tax Officer Rep. By Power Of Attorney Holder (International Taxation) Smt. N.Satyaramanujam Visakhapatnam Flat No.403, Dhanna Apartments Seethammadhara Visakhapatnam [Pan : Atcpa6413A] (अपीलाथी/ Appellant) (प्रत्यथी/ Respondent)

10 ITA No.178/Viz/2018, A.Y.2010-11 Smt.Arabolu Venkata Naga Deepthi, Visakhapatnam “20. We have discussed about the two decisions from the Karnataka High Court, which, in our opinion, dealt with similar controversy as is raised before us herein. The only difference which we find is that the purchase of the residential houses in the present case is at different address

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1), VIJAYAWADA vs. SRI JASTI SRIDHAR BABU, KESARAPALLI

In the result, appeal filed by the Revenue Department stands dismissed

Bench: Shri N.K. Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon'Ble

capital gains income is chargeable to tax in respect of the said transfer of the land. 6.1 Ld. DR vehemently argued that law does not permit to change the stand which has taken at the initial stage and new claim cannot be entertained without revising the original return of income. Ld. DR in support of his contention also relied upon

SWARAJYAM DONTIREDDY,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

section 148 of the Act, during the original assessment proceedings. There can be no doubt in the present facts as evidenced by a letter dated 8 September 2012 the very issue of taxability of sale of shares under the head capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer

KONDA SRINIVASA REDDY,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

section 148 of the Act, during the original assessment proceedings. There can be no doubt in the present facts as evidenced by a letter dated 8 September 2012 the very issue of taxability of sale of shares under the head capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer

VEERAREDDY GOGULA,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

section 148 of the Act, during the original assessment proceedings. There can be no doubt in the present facts as evidenced by a letter dated 8 September 2012 the very issue of taxability of sale of shares under the head capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer

VIJAYA LAKSHMI RAVULA,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

section 148 of the Act, during the original assessment proceedings. There can be no doubt in the present facts as evidenced by a letter dated 8 September 2012 the very issue of taxability of sale of shares under the head capital gain or the head profits and gains from business was a subject matter of consideration by the Assessing Officer

SYED RAHMAN SHARIFF,,VISAKHAPATNAM vs. THE DCIT, CENTRAL CIRCLE-1,, VISAKHAPATNAM

In the result, appeals of the assessees are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.577/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Smt. Sofia Sadique Vs. Dy.Commissioner Of Legal Heir Of Late Syed Income Tax Mohammed Shariff Central Circle-1 C/O I.Kamasastry Visakhapatnam Sri Sai Lalitha Ramam 9-16-29/1, Cbm Compound’ Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.578/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Yakub Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound Visakhapatnam Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.579/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Ibrahim Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound’ Visakhapatnam Near Rama Talkies Visakhapatnam

23,51,922/-, out of which the share of the assessee being 5%, assessed the income at Rs.6,17,596/- and completed the assessment u/s 143(3) r.w.s. 147 of the Act dated 31.12.2010. 3.4. In other cases also, the AO completed the assessment adopting the fair market value as on 01.04.1981 at Rs.65/- per sq.yd and assessed the long

SYED YAKUB SHARIFF,,VISAKHAPATNAM vs. THE DCIT, CENTRAL CIRCLE-1,, VISAKHAPATNAM

In the result, appeals of the assessees are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.577/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Smt. Sofia Sadique Vs. Dy.Commissioner Of Legal Heir Of Late Syed Income Tax Mohammed Shariff Central Circle-1 C/O I.Kamasastry Visakhapatnam Sri Sai Lalitha Ramam 9-16-29/1, Cbm Compound’ Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.578/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Yakub Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound Visakhapatnam Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.579/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Ibrahim Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound’ Visakhapatnam Near Rama Talkies Visakhapatnam

23,51,922/-, out of which the share of the assessee being 5%, assessed the income at Rs.6,17,596/- and completed the assessment u/s 143(3) r.w.s. 147 of the Act dated 31.12.2010. 3.4. In other cases also, the AO completed the assessment adopting the fair market value as on 01.04.1981 at Rs.65/- per sq.yd and assessed the long

SYED IBRAHIM SHARIFF,,VISAKHAPATNAM vs. THE DCIT, CENTRAL CIRCLE-1,, VISAKHAPATNAM

In the result, appeals of the assessees are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.577/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Smt. Sofia Sadique Vs. Dy.Commissioner Of Legal Heir Of Late Syed Income Tax Mohammed Shariff Central Circle-1 C/O I.Kamasastry Visakhapatnam Sri Sai Lalitha Ramam 9-16-29/1, Cbm Compound’ Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.578/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Yakub Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound Visakhapatnam Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.579/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Ibrahim Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound’ Visakhapatnam Near Rama Talkies Visakhapatnam

23,51,922/-, out of which the share of the assessee being 5%, assessed the income at Rs.6,17,596/- and completed the assessment u/s 143(3) r.w.s. 147 of the Act dated 31.12.2010. 3.4. In other cases also, the AO completed the assessment adopting the fair market value as on 01.04.1981 at Rs.65/- per sq.yd and assessed the long

SYED MOHAMMED SHARIFF,,VISAKHAPATNAM vs. THE DCIT, CENTRAL CIRCLE-1,, VISAKHAPATNAM

In the result, appeals of the assessees are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.577/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Smt. Sofia Sadique Vs. Dy.Commissioner Of Legal Heir Of Late Syed Income Tax Mohammed Shariff Central Circle-1 C/O I.Kamasastry Visakhapatnam Sri Sai Lalitha Ramam 9-16-29/1, Cbm Compound’ Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.578/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Yakub Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound Visakhapatnam Near Rama Talkies Visakhapatnam आयकर अपील सं./I.T.A.No.579/Viz/2013 (ननधधारण वर्ा/A.Y : 2007-08) Sri Syed Ibrahim Shariff Vs. Dy.Commissioner Of C/O I.Kamasastry Income Tax Sri Sai Lalitha Ramam Central Circle-1 9-16-29/1, Cbm Compound’ Visakhapatnam Near Rama Talkies Visakhapatnam

23,51,922/-, out of which the share of the assessee being 5%, assessed the income at Rs.6,17,596/- and completed the assessment u/s 143(3) r.w.s. 147 of the Act dated 31.12.2010. 3.4. In other cases also, the AO completed the assessment adopting the fair market value as on 01.04.1981 at Rs.65/- per sq.yd and assessed the long

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3(1),, VISAKHAPATNAM vs. DATLA SHANTI, VISAKHAPATNAM

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

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

10 Karnataka High Court has held that “giving a right to claim specific performance by conveyance in respect of one immovable property amounts to relinquishment of the capital asset and held that therefore there is a transfer of capital asset within the meaning of the provisions of the Act”. A payment made by the assessee under the sale agreement

GANGUNAIDU SABBAVARAPU,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-2(5), VISAKHPATNAM

Capital Gains (“LTCG) on the compulsory acquisition of the subject land which the assessee himself had offered for tax in his return of income. 13. We have heard the authorized representatives for both parties, perused the orders of the lower authorities and the material available on record in the context of the issue under consideration. 14. Ostensibly, the assessee

ANKITHAM VENKATA MONISH SAMARENDRA ROW,VISAKHAPATNAM vs. THE ACIT, CIRCLE-1(1),, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

10-28-4/31, Flat No.P-2 Deepanjali, Waltair Uplands Siripuram Visakhapatnam [PAN :ACVPA 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) निर्धाऩरती की ओर से / Assessee by : Shri G.V.N.Hari, AR रधजस्व की ओर से /Revenue by : Shri T.S.N.Murthy, CIT, DR सुिवधई की तधरीख / Date of Hearing : 21.11.2019 घोर्णध की तधरीख/Date of Pronouncement : 11.12.2019 आदेश /O R D E R Per Shri D.S.Sunder

THE ITO, WARD-1(1),, VISAKHAPATNAM vs. SMT. ANKITHAM INDRANI JAGGA ROW,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

10-28-4/31, Flat No.P-2 Deepanjali, Waltair Uplands Siripuram Visakhapatnam [PAN :ACVPA 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) निर्धाऩरती की ओर से / Assessee by : Shri G.V.N.Hari, AR रधजस्व की ओर से /Revenue by : Shri T.S.N.Murthy, CIT, DR सुिवधई की तधरीख / Date of Hearing : 21.11.2019 घोर्णध की तधरीख/Date of Pronouncement : 11.12.2019 आदेश /O R D E R Per Shri D.S.Sunder

THE ACIT, CIRCLE-1(1),, VISAKHAPATNAM vs. A.VENKATA MONISH SAMARENDRA ROW, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

10-28-4/31, Flat No.P-2 Deepanjali, Waltair Uplands Siripuram Visakhapatnam [PAN :ACVPA 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) निर्धाऩरती की ओर से / Assessee by : Shri G.V.N.Hari, AR रधजस्व की ओर से /Revenue by : Shri T.S.N.Murthy, CIT, DR सुिवधई की तधरीख / Date of Hearing : 21.11.2019 घोर्णध की तधरीख/Date of Pronouncement : 11.12.2019 आदेश /O R D E R Per Shri D.S.Sunder

GINJALA ATCHIRAJU, L/R. OF GINJALA SIMHADRI RAJU, ,KAKINADA vs. INCOME-TAX OFFICER, WARD -1, , KAKINADA

In the result, appeal of the assessee is partly allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

capital gains in the hands of the assessee. We noted that the assessee has merely agreed to discharge the liability of his daughter and therefore the incidence of tax cannot be cast on the assessee. Further, it was accepted by the Revenue the return of income filed by the daughter of the assessee Smt. V.A. Krishnaveni. The Ld. AO also

CHAMARTHI MOUNIKA,,ELURU vs. INCOME TAX OFFICER, WARD-2, , ELURU

In the result, appeals of the assessee for A

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.308/Viz/2018 & 309/Viz/2018 (ननधधारण वर्ा/Assessment Year : 2012-13 & 2013-14) Chamarthi Mounica Vs. Income Tax Officer Prop.Surya Ganesh Electricals Ward-2 D.No.22C-12-21 Eluru Ch.Ranga Rao Street Powerpet, Eluru [Pan : Apupc4598L] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Smt. Suman Malik, Dr सुनवधई की तधरीख / Date Of Hearing : 04.07.2019 घोर्णध की तधरीख/Date Of Pronouncement : 14 .08.2019 आदेश /O R D E R

10 pieces of land, but such investment can only be viewed as extension / renovation of the existing residential house and section 54F does not envisage for providing the benefit of exemption in the case of extension / renovation of the existing house. This view is further fortified by the decision of the Kerala High Court in the case of Mrs. Meera

CHAMARTHI MOUNIKA,ELURU vs. INCOME TAX OFFICER, WARD-2,, ELURU

In the result, appeals of the assessee for A

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.308/Viz/2018 & 309/Viz/2018 (ननधधारण वर्ा/Assessment Year : 2012-13 & 2013-14) Chamarthi Mounica Vs. Income Tax Officer Prop.Surya Ganesh Electricals Ward-2 D.No.22C-12-21 Eluru Ch.Ranga Rao Street Powerpet, Eluru [Pan : Apupc4598L] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Smt. Suman Malik, Dr सुनवधई की तधरीख / Date Of Hearing : 04.07.2019 घोर्णध की तधरीख/Date Of Pronouncement : 14 .08.2019 आदेश /O R D E R

10 pieces of land, but such investment can only be viewed as extension / renovation of the existing residential house and section 54F does not envisage for providing the benefit of exemption in the case of extension / renovation of the existing house. This view is further fortified by the decision of the Kerala High Court in the case of Mrs. Meera