Section 54B deduction eligible on Advance Payment to Purchase Agricultural Land

DCIT Vs Indranil Sanjaybhai Rajyaguru (ITAT Rjakot)

It is an undisputed fact that when the initial payment of Rs. 12.15 crores has been made for purchase of the new asset that too more than the amount of capital gain to the tune of Rs. 2.90 crores before the due date of filing of the return of income under Section 139(1) of the Act. Considering the CBDT’s Circul

Please become a Premium member. If you are already a Premium member, login here to access the full content.