Tag Archives: IT APPEAL NOS. 1248 & 1249 (DELHI) OF 2013

Assessee acquires new house on credit , Benefit of Section 54 is available

By | January 3, 2017

Held Even if an assessee acquires a new house on credit i.e. the payment for which may be made in future, the assessee cannot be denied the benefit of deduction u/s 54 because what is required by sub-clause (i) is that cost of new house should be equal to or more than the amount of… Read More »