Case Law - Eligibility of deduction under section 54

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From: CA. Rahul Bajaj ca.rahulbajaj@gmail.com

Eligibility of deduction under section 54 where new house purchased after due date prescribed under section 139(1) but before period prescribed under section 139(4)

Where the assessee purchased new house after due date of return prescribed under section 139(1) but before the period prescribed under section 139(4), then the deduction under section 54 was available to the assessee.– Vide CIT v. Jagriti Aggarwal (2011) 42(I) ITCL 348(P&H-HC)