Case Law Details
Case Name : Deputy Commissioner of Income-tax Vs Ranjit Vithaldas (ITAT Mumbai)
Related Assessment Year : 1998-99
Courts :
All ITAT ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘A’
Deputy Commissioner of Income-tax
V/s.
Ranjit Vithaldas
IT APPEAL NO. 7443 (MUM.) OF 2002
[ASSESSMENT YEAR 1998-99]
JUNE 22, 2012
ORDER
Rajendra Singh, Accountant Member
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Can exemption be claimed on sale of residential house properties by two people and reinvesting into a single residential house property?
In summary, can I sale two different residential flat in same year and invest in one flat without paying captial gain tax. Yes or No.