Case Law Details
Case Name : Sri Pradip Kumar Basu Vs ITO (ITAT Kolkata)
Appeal Number : I.T.A. No. 2122/KOL/2019
Date of Judgement/Order : 10/05/2021
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Kolkata
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Sri Pradip Kumar Basu Vs ITO (ITAT Kolkata)
It is observed that the long-term capital gain of Rs.6,14,674/- had arisen to the assessee as a result of residential property sold on 12.06.2013 and in order to claim exemption on account of long-term capital gain under section 54EC of the Act, the assessee was required to make investment in the eligible bond
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I have sold property in 2019 n kept money in capital gain acct….but couldn’t use it to buy another property till now. Can I keep it in Government bonds after completion of three years of capital gain acct instead of buying new property.
Sir i am suppose to invest in NHAI and REC BONDS u/s 54EC by 08 aprIl 2022 ,within 6 months from date of selling of my land property as I have earned long term capital gain. But I am delayed . Can i purchase now?
Dear Sir
I was suppose to invest in Bonds under SEC54E and was to be done by Feb 22 end can i now invest it is delayed by 1month will there be any inquiry