Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Non residential use <strong>of</strong><br />
house<br />
• House purchased / sold u/s 54 / 54F<br />
although being a residential house is being<br />
utilized for non-residential purposes<br />
• Mere non-residential use <strong>of</strong> residential<br />
house would not render property ineligible<br />
for benefit u/s 54/ 54F<br />
Mahavir Prasad Gupta (2006) 5 SOT 353 (Del)<br />
Amit Gupta v. DCIT (2006) 6 SOT 403 (Delhi)