ITAT directs to Compute Capital gain and Exemption u/s 54 F based on Details of Expenses incurred on Construction of House [Read Order]

ITAT - Compute - Capital - gain - Exemption - Expenses - TAXSCAN

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) directed to Compute Capital gain and Exemption u/s 54 F based on Details of expenses incurred on the construction of house. Shri Baldevji Motiji Thakore, the assessee along with other eight co-owners entered into a sale agreement (banakhat) on 31.12.2010 for a consideration of Rs.1,70,64,489/-…

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