Case Law Details
Case Name : Abodh Borar Vs ITO (ITAT Delhi)
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Delhi
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Abodh Borar Vs ITO (ITAT Delhi)
The only issue in the appeal is the denial of deduction claimed by the assessee under section 54 and 54F of the Act. It is an undisputed fact that, firstly, the assessee has earned capital gain and has invested the same in purchase of a residential plot; secondly, the assessee has made a total investment of Rs.63,03,005/- which is more than the exemption of Rs.52,90,424/- claimed by her; and lastly, the assessee made this investment within the prescribed period. This payment was made to the deve
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Whether depositing the Capital Gain amount with a Developer, within 3 years of the sale of residential plot, for construction of a flat, irrespective of its date of possession, is eligible for relaxation in Capital Gain Tax ? Is there any decision of IT Tribunal or Court, in this regard ?