Case Law Details
Case Name : Satyavati Arvind Kotian Vs ITO (ITAT Mumbai)
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All ITAT ITAT Mumbai
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Satyavati Arvind Kotian Vs ITO (ITAT Mumbai)
ITAT held that amount invested in property as well as kept in bank account even though not in the capital gain tax account should be allowed as exemption deduction u/s.54F. Merely not keeping the amount in capital gain tax and keeping the same in the bank account and utilizing the same within the statuary period will not disentitle the assessee for claim of deduction u/s.54F. In the instant case before me, I found that assessee has already paid Rs.1 1.43 lakhs for booking of the f
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