Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Construction on Land Owned by Taxpayer’s Mother is Vaild: ITAT Grants full S. 54F Deduction, Accepts Approved Valuer’s Report
Income Tax
The ITAT has ruled that construction on land owned by a taxpayer’s mother qualifies for a full deduction under Section 54F. The case involved a taxpayer who claimed a deduction for constructing a residential property on land owned by their mother. The ITAT accepted the approved valuer’s report and granted the full deduction, marking a favorable outcome for taxpayers who may be in similar situations, where property ownership is linked to family members.
