In a significant ruling on capital gains taxation arising from Joint Development Agreements (JDAs), the Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee is entitled to deduction under Section 54F of the Income Tax Act in respect of the entire value of 50 residential flats receivable under a development…
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S. 54F Exemption on All 50 Flats Received Under JDA: ITAT
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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