Due date for investment in property for S.54 exemption in case of revised return

Assessee can claim exemption u/s. 54 in revised return for amount invested in property after due date U/s. 139(1)

Hon’ble Punjab & Haryana High Court in the case of CIT Vs. Miss Jagriti (supra) has held that sub-section (4) of section 139 provides the extension period of limitation as an exception to sub-sec. (1) of sec. 139 of the Act. Sub-sec. (4) was in relation to the time allowed to an assessee under sub-sec. (1) to file the return. Ther

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