Case Law Details
Case Name : Rajani Shivaji Ghadge Vs ITO (ITAT Mumbai)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Mumbai
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Rajani Shivaji Ghadge Vs ITO (ITAT Mumbai)
Sale of Inherited Flat Treated as Long-Term Capital Asset; Section 54 Exemption Allowed: ITAT Mumbai Grants Full Relief
The Mumbai Bench of the ITAT allowed the assessee’s appeal for AY 2016-17 and granted complete relief on capital gains arising from sale of a residential flat.
The Assessing Officer had taxed the entire consideration of ₹51.48 lakh as Please become a Premium member. If you are already a Premium member, login here to access the full content.
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