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Section 54F: Vacant Land Tax Implications by Vinukonda Amar is a document available to read on EtoBox.

The ITAT ruled that the assessee, Dr. Devika Gunasheela, is entitled to claim a deduction under Section 54F of the Income Tax Act for the sale of a property, as it was determined that the properties she owned were not residential houses. The Assessing Officer had previously denied this deduction on the grounds that the assessee owned more than one residential house, but the ITAT clarified that the properties in question were merely vacant land. Consequently, the ITAT directed that the deduction under Sectio

Author

Vinukonda Amar

Language

EN