ITAT allows Deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]

ITAT allowed the deduction claimed under Section 54F of the Income Tax Act, 1961 with respect to all apartment units received pursuant to Joint Development Agreement ( JDA)
ITAT - deduction claimed us 54F of Income Tax Act - apartment units received pursuant to JDA - TAXSCAN

The two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) allowed the deduction claimed under Section 54F of the Income Tax Act, 1961 with respect to all apartment units received pursuant to Joint Development Agreement ( JDA).  The Assessee, Narayanappa Ramanna along with his four brothers, had entered into a Joint Development…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader