Case Law Details
Case Name : Ravi Shankar Vs Asstt. CIT (ITAT Mumbai)
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All ITAT ITAT Mumbai
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Ravi Shankar Vs Asstt. CIT (ITAT Mumbai)
Amendment made to section 54 was effective from 1-4-2015, which thus made it clear that prior to the said amendment the assessee was entitled the claim deduction in respect of investments made in more than one residential house.
As Prior to assessment year 2015-16 no restriction was placed by the legislature in respect of investments in the residential houses that an assessee could make for claiming deduction under section 54 of the Act. We thus are of the view that the claim of deduction raised by the assessee under section 54 in respect of investment ...
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my Clint sale a residential land in June 2017 (land was held 3 year) now he is applicable long term capital gain, but he did purchase another land in March 2018, he can take benefit of LTCG save in section 54 or 54f . please help me sir,