#section 54
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Entertaining claim of deduction otherwise than a revised return not permissible: ITAT Chennai

Fair market value on area allotted under occupancy certificated accepted: ITAT Bangalore

Exemption u/s. 54F admissible in respect of only one residential property: Delhi HC

Requirement of separate notification for cross-empowerment u/s. 6(1) of CGST Act referred to division bench

Income Tax Implications on Sale of Property in India

Units allotted to commercial space buyers not to be excluded from CIRP of Corporate Debtor

ITC Denial unjustified as section 31(3)(d) requirement satisfied: Bombay HC

Cancellation of GST registration for non-submission of NOC by landowner not justified

No Section 54 Exemption for Plywood Structures: Delhi HC

Interest on Delayed Refund Payable under Section 56 of CGST Act: Bombay HC

Allowing Premature Redemption of Sec 54EC Bonds Beyond Court Scope: HC

Keeping refund order in abeyance merely on allegation of wrongful availment of ITC unjustified: Delhi HC

Completion of construction not required for claiming benefit u/s. 54: ITAT Bangalore

Refund of service tax paid under RCM without complying with transitional provisions under GST not admissible
Explore the latest section 54 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
