Sapna Hemanshu Shah v. DCIT · ITAT Bangalore on §54: documented interior-decoration cost counts toward the deduction

Does interior-decoration spend on a new house qualify for §54 deduction?

Yes. Where the payment is documented and uncontested by the revenue, interior-decoration cost on the new house is eligible under §54.

Facts in brief

• The assessee paid a specific amount for interior decoration of a new house property and submitted all supporting documents; the revenue did not contest the payment.

Issue before the bench

Whether such spend forms part of the cost of the new asset for §54.

Held

The assessee is eligible to claim §54 deduction for the documented payment.

Practitioner takeaway