Case Law Details
Case Name : Babitha Kemparaje Urs Vs. CIT (ITAT Bangalore)
Related Assessment Year : 2009-10
Courts :
All ITAT ITAT Bangalore
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Babitha Kemparaje Urs Vs. CIT (ITAT Bangalore)
Condition precedent for claiming benefit under such provision is the capital gain realized from sale of a Long Term capital asset should have been parted by the assessee and invested either in purchasing a residential house or in constructing a residential house. It has also been held that if the assessee has invested money in constructing the residential house, merely because the construction was not complete in all respects or such building is yet to be complete
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