Residential House Properties are shown as Stock in Trade in Books of Account: ITAT upholds allowing Deduction u/s 54F for Purchased New House Property [Read Order]

Residential House Properties - Stock - Books of Account - ITAT - Deduction - House Property - taxscan

The Income Tax Appellate Tribunal, Jaipur Bench has upholds allowing deduction u/s 54F for purchased new house property since residential house properties are shown as stock in trade in books of account. The appellant, Shri Goverdhan Prasad Singhal, during the course of assessment proceedings claimed deduction under section 54F against long term capital gain for…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader