Case Law Details
Case Name : Arun K Thiagarajan Vs CIT (Karnataka High Court)
Related Assessment Year : 2003-04
Courts :
All High Courts Karnataka High Court
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Arun K Thiagarajan Vs CIT (Karnataka High Court)
The case of Arun K Thiagarajan vs. CIT came before the Karnataka High Court to address a question of law regarding the interpretation of Section 54 of the Income Tax Act, 1961. The core issue was whether a taxpayer could claim an exemption under this section for capital gains by purchasing more than one residential property.
Factual Background
The assessee, Arun K Thiagarajan, sold a residential property in Chennai for ₹2,68,89,375 in October 2002. He then purchased two residential properties in Bangalore, one in Koramangala and the other in D...
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Author Bio
Thanks for the deliberation on the article.