Case Law Details
Case Name : ITO Vs Smt. Rosamma Korah (ITAT Cochin)
Related Assessment Year : 2005- 06
Courts :
All ITAT ITAT Cochin
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CA Sandeep Kanoi
A bare reading of section 54F clearly shows that the assessee is entitled for exemption in case he / she constructs a residential house within a period of three years after the sale of the capital asset. However, sub clause (4) of section 54F clearly says that the unutilized portion of the net sale consideration which is otherwise liable for capital gain tax shall be deposited in the capital gain account scheme within the period of due date for filing return of income u/s 139. The question arises for consideration is whether the due date mentioned in section 54F(4) is the due ...
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so good information kindly siubribe