An assesee has entered into an agreement with an builder to demolish its House Property & construct Five Floors(Funds are invested by Builder).The Assesse gave the 2 Floors to the Builder for consideration.
Whether this will constitute an Transfer of house property or Transfer of Right?
Can Assesse claim the exemption under section 54 or 54F?
Capital gain
gg_ggaurav (CA Job) (55 Points)
09 June 2008
CAclubindia
