Dr. Kushagra Kataria .v. DCIT (2019) 174 ITD 648 (Delhi)(Trib.)

S. 54F : Capital gains-Investment in a residential house-Deduction cannot be rejected only on the ground that the builder failed to construct construction with in prescribed time. [S. 45]

Allowing the appeal of the assessee the Tribunal held, deduction cannot be rejected only on the ground that the builder failed to construct construction with in prescribed time. Also the  expenditure incurred for completing the finishing the house  cannot be segregated from the act of purchasing semi-finished apartment. (AY. 2011-12)