Sec 54 f

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03 May 2012 what is the meaning of new house in sec 54f.
whether construction of new floor in old house and demolish of old house and construction of new building is eligible for these sec


thanks in advance

03 May 2012 yes,as per sec 54f,both yur examples are considered as new house! and exemption can be availed

03 May 2012 thanks mehak

whether any case law refrence you have


03 May 2012 yea,,
CIT v Narasimhan(PV)(1990) 181 ITR 101(Mad)



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