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Economy · India

Woman claims Rs 14.7L home relief; taxman cites multiple homes, why ITAT gave relief

Outlet: The Times of India · TOI BUSINESS DESK · Published 21/10/2026 01:28 UTC

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The Income Tax Department reopened a woman’s assessment for assessment year 2015-16, alleging that she had wrongly claimed a Rs 14.70 lakh deduction under Section 54F of the Income Tax Act. The Assessing Officer denied the deduction on the ground that she owned more than one residential house apart from the new asset, and assessed her income at Rs 16,70,500.

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Source
https://timesofindia.indiatimes.com/business/india-business/woman-claims-rs-14-70-lakh-section-54f-tax-exemption-for-flat-taxman-denies-saying-she-has-many-properties-but-itat-gives-relief-as-one-was-company-owned-and-another-jointly-owned-with-husband/articleshow/135071369.cms
Published
21/10/2026 01:28 UTC
Captured
21/10/2026 02:07 UTC
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fd79db31e84577bd · 1061 words
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