Prior to 01.04.2020, capital gain exemption u/s 54 was allowed to be claimed without filing return

Thimme Gowda Shekar Vs ITO (ITAT Bangalore) ITAT Bangalore held that prior to amendment in section 139(1) of the Income Tax Act effective from 01.04.2020, exemption under section 54, 54B, 54D, 54EC, 54F, 54G, 54GA or 54GB can be claimed even without filing income tax return. Facts- As per the information available with the Department the assessee entered into Development Agreement with the Developer Shri R.Veeresh, residing in Mysore. As per the agreement, the assessee transferred five acres of land. From the verification of records, it was observed that the assessee did not disclose this tran...