Deduction u/s. 54 admissible even when return is filed belatedly: ITAT Ahmedabad

Jignesh Jaysukhlal Ghiya Vs DCIT (ITAT Ahmedabad)

ITAT Ahmedabad held that deduction under section 54 of the Income Tax Act towards Long Term Capital Gains admissible even when return is filed belated return of income under section 139(4) of the Income Tax Act.

Facts- The assessee is an individual and deriving in

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