16 December 2017
Whether deduction claimed under section 54 of IT Act disallowed by the assessee during the course of assessment u/s 143(3) of Income Tax Act, However, assessee has asked for the deduction u/s section 54 in respect of another house property purchased complying the requirement of section 54.
Is there is any judicial pronouncement to support the assesee's claim Please reply early.
CAclubindia
