Tax department reopens woman's case over Rs 14.7 lakh home relief claim

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The Income Tax Department reopened the assessment of a woman for the 2015-16 assessment year. It alleged she wrongly claimed a Rs 14.70 lakh deduction under Section 54F of the Income Tax Act. The Assessing Officer rejected the deduction because she owned more than one residential house besides the new property. Consequently, her income was reassessed at Rs 16,70,500.

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